Misys has got its corporate bank partner in Amsterdam Trade Bank to maximize STP and manage risks productively with Misys FusionRisk.
Amsterdam Trade Bank (ATB) has embarked on a project with Misys to streamline its banking, treasury and trade finance operations – using Misys FusionBanking Corporate to maximise straight-through processing (STP), reduce the need for manual intervention, and significantly reduce total cost of ownership across all business functions.
FusionBanking Corporate is designed to automate and integrate business processes across the bank, from initial transaction entry through to end-to-end processing and reporting. The project will see ATB upgrade its Misys FusionBanking Equation platform, as well as deploying the latest FusionBanking Trade Innovation trade finance module. The bank will also roll out FusionCapital Opics for treasury, giving ATB access to the most up to date functionality and allowing the bank to benefit from fully integrated trade, treasury and cash management services.
The corporate banking platform also includes Misys FusionRisk – enabling bank staff to gain a single, up-to-date view of risk exposures and limits across all areas of the business to manage risk more effectively.
The technology is being deployed in a phased roll-out over the course of the year at ATB’s head office in Amsterdam. The bank will also take advantage of Misys FusionFabric. As well as providing connectivity between the Misys components, FusionFabric opens up integration possibilities with external systems and APIs – making it much easier for ATB to upgrade and incorporate new functionality moving forward.
Michel Hofman, Head of Business Technology and Change at ATB, said, “We’re re-affirming our commitment to Misys as our long term technology partner. The Misys technology roadmap and flexibility of the Misys Fusion software portfolio will allow us to deliver on the potential of connected corporate banking and to best serve our customers today and in the future.”
Nadeem Syed, CEO at Misys, said, “Our solution will help ATB to simplify and enhance its architecture, transforming its business by moving to an interconnected and digitised process to enhance relationship banking capability, while also achieving significant cost savings. The bank will also be able to respond more quickly to changing market requirements and grow its business. ATB will be a model for other banks to follow.”
ATB has been a Misys FusionBanking Equation customer for over 20 years. Misys FusionBanking Corporate delivers a complete, connected suite of solutions for corporate banking, covering digitalised front-to-back processing across trade finance, treasury services, payments, lending and cash management.
We provide the broadest, deepest portfolio of financial services software on the market. Our solutions cover retail and corporate banking, lending, treasury, capital markets, investment management and enterprise risk. With more than 2,000 customers across 125 countries our team of domain experts and partners has an unparalleled ability to address industry requirements at both a global and local level. We deliver market leading solutions by putting customer needs at the centre of everything we do. We offer a unique componentised, open architecture to enable our clients to innovate, connect and expand their existing services and increase value faster. Fusion software portfolio can deliver a holistic view of your operations, and help you to solve your most complex challenges.