London/Aalborg, 1st August 2005 â Misys Banking Systems (Misys) is pleased to announce that Danish Spar Nord Bank A/S has selected Misys Trade Innovation and Misys eServices Platform Trade Edition (Misys Trade Edition) as a combined trade finance solution to help increase their portfolio of customer services. The selection follows a 14 month review of alternative trade finance solutions to replace their existing system.
The decision to choose the Misys solution was based upon its ability to provide the best and most flexible Internet client front-end, offering full STP from front-to-back and seamless integration with the existing incumbent systems. The Misys solution will allow the bank to improve customer services by providing a market leading Internet front-end to its corporate customers. It will also help the bank to automate a large number of manual processes, thereby improving efficiency and reducing operational risk.
Misys Trade Innovation with Misys Trade Edition will enable the bank to realise its strategy to become the âlocal bank of the futureâ, combining a local presence with the advantages of offering full scale banking services.
Hanne Balling, Senior Vice President and Head of International Division at Spar Nord Bank A/S, comments: "Internet-based trade finance services are high on the agenda for most corporate customers, and we therefore decided to look for a next generation trade finance solution to remain competitive in this strategic business area."
She continues: "We were impressed with the flexibility, ease-of-use and the breadth and depth of business functionality in Misys Trade Innovation and Trade Edition. The comprehensive business coverage and the intuitive and flexible workflow management capabilities will allow us to automate a range of previously manual processes and thereby reduce the operational risk, improve quality to clients and improve processing speed."
Steen Jensen, Regional Manager at Misys Banking Systems adds: "Spar Nord Bank A/S has built an excellent reputation for professionalism and customer service. The Misys Trade Innovation and Misys Trade Edition solutions are very much in keeping with this profile, allowing the bank to offer customers a raft of services via automated STP front-end processes. We are delighted to continue to work with Spar Nord Bank A/S to achieve their goals."