Danish Spar Nord Bank A/S has selected Misys Trade Innovation and Misys eServices Platform Trade Edition as a combined trade finance solution to help increase their portfolio of customer services. The selection follows a 14 month review of alternative trade finance solutions to replace their existing system.
The Misys solution will allow the bank to improve customer services by providing an Internet front-end to its corporate customers. It will also help the bank to automate a large number of manual processes, thereby improving efficiency and reducing operational risk. Additionally, Misys Trade Innovation with Misys Trade Edition will enable the bank to realize its strategy to become the ‘local bank of the future’, combining a local presence with the advantages of offering full scale banking services.
Hanne Balling, Senior Vice President and Head of International Division at Spar Nord Bank A/S, comments: “Internet-based trade finance services are high on the agenda for most corporate customers, and we therefore decided to look for a next generation trade finance solution to remain competitive in this strategic business area.”
“We were impressed with the flexibility, ease-of-use and the breadth and depth of business functionality in Misys Trade Innovation and Trade Edition. The comprehensive business coverage and the intuitive and flexible workflow management capabilities will allow us to automate a range of previously manual processes and thereby reduce the operational risk, improve quality to clients and improve processing speed.”