Misys plc, the application software and services company, announces that Misys Trade Portal has passed SWIFT’s stringent validation programme and been awarded the SWIFTReady for Corporates – Trade Finance label for 2010.
This certification for Misys Trade Portal joins Misys’ other SWIFTReady labels, underlining the company’s commitment to delivering the highest standards in financial message processing. It also confirms Misys’ leadership position in the Trade Finance space by making it the only solutions provider on the market with all three SWIFT Trade & Supply Chain labels.
The other labels are SWIFTReady Trade Finance 2010, SWIFTReady TSU (Trade Services Utility) 2010, and also the complementary SWIFTReady Financial EAI 2010 (Enterprise Application Integration). The SWIFTReady programme ensures that third party applications are fully compliant with SWIFT standards and services.
Misys Trade Portal (MTP) is an award-winning trade finance application that provides banks and corporates with online access to all their trade finance transactions, from traditional trade, e.g. Letters of Credit, to more innovative Open Account services. Corporates can even consolidate all their trade business through the complementary MTP for Multi-Bank service, managing all their banking relationships through a single portal.
“This SWIFTReady certification is great news to all banks and corporates using MTP to manage their trade transactions,” states Olivier Berthier, Solutions Director, Transaction Banking, Misys. “It means that they can be confident that the financial messages associated to their transactions are fully SWIFT compliant and will continue to benefit from higher straight-through-processing and low error rates, delivering the efficiency gains promised by an automated, online solution. Misys has been a SWIFT partner for over 25 years and has built up considerable expertise in financial messaging over this time. This latest accreditation, together with our recently announced SWIFTNet Service Bureau, confirms Misys as one of the most comprehensively certified SWIFT partners in the market with SWIFTconnectivity and compliant solutions for payments, messaging, front- and back-office trade finance.”
D.C.