Misys Wholesale Banking Systems (Misys) says it has integrated two of its solutions to deliver a highly automated pre-packaged solution designed to support true front-to-back straight-through processing (STP).

The company claims that its new integrated offering provides a robust and easy to deploy Internet-based application for the online management of trade finance instruments such as letters of credit (L/Cs).

Integrated solutions

Mysis says it has integrated its Misys Trade Innovation solution with the Misys eServices Platform Trade Edition application.

Misys Trade Innovation is a trade services solution while the new Misys eServices Platform Trade Edition is a front-office application designed and built for trading companies.

Front-to-back innovation

By integrating the two solutions, Misys says it can now provide financial institutions with an innovative front-to-back trade finance solution.

The company goes on to say that its pre-integrated solution provides banks the opportunity to offer corporate clients a robust and easy to deploy Internet-based application for the online management of trade finance instruments, including L/Cs and their underlying documentation.

More STP

Misys claims that one of the key benefits in this latest offering is that it meets demands for increased STP.

The company also reckons customers using its new integrated package will save time and see significant reductions in processing costs.

This article represents the views of the author and not necessarily those of the ICC or any of the other partners in DC-PRO.