Misys has announced that 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 its portfolio of customer services. The selection follows a 14-month review of alternative trade finance solutions to replace its existing system. The decision to choose the Misys solution was based upon its ability to provide the most flexible Internet client front-end, offering full STP from front-to-back and seamless integration with the existing incumbent systems. The bank hopes the solution will improve customer services by providing a market leading Internet front-end to its corporate customers. Hanne Balling, senior vice president and head of international division at Spar Nord Bank A/S, commented: “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.”
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