Misys Provides Trade Services Products for Danish Bank
Nørresundby Bank, the Danish bank, has chosen Misys eServices Platform Trade Edition and Misys Trade Innovation as a packaged front-to-back trade services solution. It has selected the Misys solution to help reduce operational risk, automate processes between the back office and front office and improve straight-through processing (STP) rates. The solution meets the bank’s and its customers’ need for a web-based trade services solution. The new integrated solution provides a web-based front-to-back solution that covers letters of credit, collections and document preparation. With the integration of trade business from Misys eServices Platform Trade Edition to Misys Trade Innovation, Nørresundby Bank is able to realise fully automated front-to-back processing and true STP, allowing it to increase business volume and customer service levels as well as reduce operational risk. Web-based automation also means that it is able to achieve this without increasing staff numbers, making it more cost effective.