More NewsPohjola Expands European Trade Finance Operations with Misys

Pohjola Expands European Trade Finance Operations with Misys

Finnish financial services company, Pohjola Bank, has licensed Misys’ trade finance processing and internet-based delivery solution so it can grow the volume of its trade business. The bank is experiencing an increased demand for trade finance and evaluated several systems to help it to increase its processing efficiency and workflow while catering for the higher trade transaction volumes.

“We chose the solution from Misys because it combines the strength of the back-office processing system, TI Plus, with the excellent online delivery console, Misys Trade Portal,” said Tarja Pitkänen, head of cash management and international services at Pohjola. “The fully integrated front-to-back solution will contribute greatly to the efficiency of our operation and assist us in maintaining the impressive level of customer satisfaction on which we pride ourselves. Our excellent solutions stand us out from the competition and by implementing the leading trade finance system on the market we are ensuring we keep these standards as high as possible.”

Misys TI Plus is a flexible back-office automation system that supports the front-to-back trade finance business of banks. The solution includes customisable workflows that provide visibility and control over the entire transaction lifecycle. TI Plus enables banks to define service level agreements (SLAs) for each customer and apply either customer groupings or bilateral agreements for individual customers.

Misys Trade Portal is an integrated online system that enables banks to provide a fully-featured console for connecting customers to the bank over the internet. Bank customers can process and review their transactions and receive customised news feeds related to their particular industries. Trade Portal provides a multibank architecture that facilitates access to multiple banks and their consolidated transactions.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi