- Proprietary software to help banks transforms trade operations to drive growth in domestic and cross-border trade and supply chain finance.
Frontline integrated digital payments and commerce company, Interswitch Transnational has partnered with Misys, a leading provider of lending, treasury, trading and risk management solutions to deliver a remarkable proprietary software that would help banks deliver seamless trade finance services to their customers.
Unveiled to top executives from banks and other financial institutions, regulators, infrastructure and cloud Specialists and other stakeholders in the financial services industry at a trade launch on Thursday June 1st 2017 at The George Hotel, Ikoyi, the solution also known as Misys Fusion Banking Trade Innovation Software comes with enhanced capabilities to help Nigerian banks reduce operational costs, eliminate operational risks and deliver excellent trade finance service to their customers.
With the introduction of this solution, financial institutions in Africa are able to optimize their operating models, alter workflows quickly and easily to route transactions efficiently as it also helps them achieve a single management view of their entire trade finance business.
Mitchell Elegbe, Interswitch Group CEO said: “We are very excited to partner with Misys to launch this trade finance software. With this new solution, Nigerian banks can now deliver a faster, easier and far improved trade banking services to their customers, as this solution helps them streamline and optimize their entire trade banking operations.”
Also commenting on the solution, Gansirey Seck, Regional Manager for West Africa at Misys, expressed tremendous delight in partnering Interswitch and shared her enthusiasm towards the potential of this solution in the Nigerian financial services ecosystem: “It’s indeed a great day for banks and financial institutions as well as their customers as the Misys Fusion Banking Trade Innovation Software solves many of the traditional problems faced by banks in their trade finance operations.”