Navigation Links
Misys Wins SWIFTReady TSU 2009 Accreditation for Third Year Running
Date:3/2/2009

LONDON, March 2 /PRNewswire-FirstCall/ -- Misys plc (LSE:MSY), the global application software and services company, today announces that it has passed the strict accreditation tests required to gain the SWIFTReady Trade Services Utility (TSU) 2009 label.

Misys was the first solutions provider to be awarded this when the SWIFTNet TSU service came into existence in April 2007 for its Misys Trade Portal solution which was then accredited again in 2008.

The TSU, which has more than 80 banks subscribed to it from 30 countries, was built by SWIFT to help financial institutions provide competitive supply chain services to their corporate customers. It offers a common standard for the exchange of trade-related data between banks, which improves the way banks interact with each other. The TSU supports all banks' value-added supply chain services, such as finance programmes, cash forecasting and liquidity management.

This latest release of the SWIFTNet TSU, which becomes commercially available in March 2009, sees several enhancements built into the service and its workflow engine from previous versions. One of the key improvements to the latest release is the much-awaited ability for a bank to issue a 'Bank Payment Obligation', often considered similar to a Letter of Credit in the sense that it provides the irrevocable undertaking on the part of that bank to pay the other party, as long as the conditions have been satisfied and the data extracted from key trade documents matches within the TSU. Another key enhancement is a new 'Notice of Intent to Pay' message to indicate one corporate's intent to pay another corporate.

The Misys solution provides support for these new capabilities out-of-the-box, allowing banks to offer fully branded and customized innovative services to their corporate customers in a rapid and cost effective manner

"Having the right solutions, matching and workflow mechanisms and visibility of the process are all key to the efficiency of trade finance," comments Olivier Berthier, Transaction Banking Solutions Director at Misys. "The TSU together with Misys Trade Portal enable banks to establish a common view of key supply chain transaction data, to monitor events all the way from inception to completion and to develop the right integrated supply chain finance offering. We have adapted our solution greatly to ensure it changes with the new demands from our clients seeking to enhance their customer service and broaden revenue opportunities. This hat-trick of TSU accreditations from SWIFT underlines our market leadership in the trade services area."

Traditional trade instruments, such as letters of credit, collections and guarantees, also fully supported in the Misys solution, remain an important service provided by banks even if a majority of international trade today is conducted on open account, which increases the risk of disintermediation for banks. The TSU and the Misys solution are one way of keeping this risk low while keeping liquidity high.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

    Misys: experience, solutions, results
    Contact us today, visit:http://www.misys.com

    For further information please contact
    Edward Taylor
    Global Head of Public Relations
    Misys Solutions for Banking
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com


'/>"/>
SOURCE Misys plc
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Philippine Farmers Bank Turns to Misys to Underpin its Consumer Lending Business
2. Misys Wins Best Trade Processing Product Accolade in European Banking Technology Readers Choice Awards
3. AlBaraka Islamic Bank Builds on a Long-Term Partnership With Misys Selecting Misys Equation and Trade Innovation for its Pakistan Operations
4. iMedica Announces Agreement with Misys
5. CRDB Bases Growth Strategy on Misys BankFusion Platform
6. Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions From Misys
7. Misys Announces Preliminary Results for the Year Ended 31 May 2008
8. Alta Bates Medical Group (ABMG) Teams With Illumisys, LLC to Promote Quality of Care to Patients and Increase Adoption and Use of Health Information Technologies.
9. Antitrust Waiting Period Expires on Allscripts-Misys Merger Agreement
10. Misys Wins Prestigious Gold Labels From SWIFT for Entire Trade Services Solutions Portfolio
11. Misys Facilitates Masraf Al Rayans Expansion of Islamic Banking Operations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2017)... Viejo, California (PRWEB) , ... January 15, 2017 , ... ... a stylistic slideshow with complete customization and ease," said Christina Austin - CEO of ... of controls so that users can edit the style and animation of their slideshows. ...
(Date:1/15/2017)... ... 2017 , ... The Gravity Vault Indoor Rock Climbing Gym is excited to ... on the 14,000+ square foot climbing gym, the owners anticipate to open sometime in ... Jersey and two in New York. With this being its first location in Pennsylvania, ...
(Date:1/14/2017)... ... January 13, 2017 , ... ... incorporating a magnesium-rich Mediterranean diet may lower the risk of type 2 diabetes, ... that the many health and wellness benefits linked to a Mediterranean diet are ...
(Date:1/13/2017)... (PRWEB) , ... January 13, 2017 , ... ... that raise blood sugar levels. Counting carbohydrates is as easy as checking the ... only nutrient that affects blood sugar levels. Despite being sugar-free, proteins can influence ...
(Date:1/13/2017)... ... ... KOAMTAC ®, Inc., a leading manufacturer of Bluetooth barcode scanners and ... data collector at the National Retail Federation’s Big Show (NRF17) held January 15-17 in ... market’s need for more compact and rugged devices for collecting barcode data paired with ...
Breaking Medicine News(10 mins):
(Date:1/13/2017)... Jan. 13, 2017  Alfalfa, cattle, leafy greens and rosy ... sampling film , which emphasizes the food industry,s shift from ... how COPAN,s Swab Rinse Kit ... surface sampling process in the wake of the new ... COPAN is expanding the U.S. production of ...
(Date:1/13/2017)... Pa. , Jan. 13, 2017  Secretary of ... of students, professors, and community members at Misericordia University ... opioid epidemic in Pennsylvania . ... crisis I,ve seen so far in my professional career," ... has been hit hard by heroin and ...
(Date:1/13/2017)... BOISE, Idaho , Jan. 12, 2017 /PRNewswire/ ... status by Accreditation Commission for Health Care (ACHC) ... the largest national food and drug chain with ... service for pharmacy patients. Accreditation by ... meeting national standards to facilitate a higher level ...
Breaking Medicine Technology: