Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions From Misys

5 August 2008

Banque Centrale Populaire (BCP), one of the largest banks in Morocco, has strengthened its trade finance offer to corporates with the new trade finance solutions from Misys, the global application software and services company.

The extension of the longstanding partnership with Misys has allowed Banque Centrale Populaire to introduce the latest version of Misys Trade Innovation and benefit from the front-office award-winning solution Misys Trade Portal. The integrated solution allows the Bank to expand its foreign trade financing operations effectively and provide better products and services to its customers.

Through the deal, BCP enriches its offer by giving businesses access to a new range of services through Misys Trade Portal. In implementing the solution online, the bank enables importers and exporters to connect seamlessly with its platform, by providing better control and better visibility on international commercial transactions. In addition, it will consolidate back-office operations with the improved version of Misys Trade Innovation.

Olivier Berthier, Head of Product Management, Misys Trade Services, adds, "We are delighted to be able to extend our relationship with BCP in Morocco, which is building up its trade finance business to cater for increased volumes and demands from its customers. With our support the bank will be able to maintain its position at the front of the regional trade finance industry and expand rapidly into new markets."

Misys Trade Services provides more than 190 customers with solutions for all their trade finance needs, making it the world's best-selling trade finance system provider.

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