Amsterdam Trade Bank Selects Misys to Improve STP

 Amsterdam Trade Bank Selects Misys to Improve STP
25.05.2017 10:00 am

Amsterdam Trade Bank Selects Misys to Improve STP

Banking

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.

Related News

RBI publishes second edition of CEE Fintech Atlas

Today, Raiffeisen Bank International (RBI) is launching the second edition of its CEE Fintech Atlas. It provides a profound overview of 19 fintech ecosystems... Read more »

Robocash Group runs pre-IPO round to launch its Philippine neobank

Getting prepared for an initial public offering (IPO) on the Australian Stock Exchange (ASX) in December 2020, Singapore-headquartered ... Read more »

Cognitive Credit and IHS Markit enter strategic alliance to collaborate on global credit data services

Cognitive Credit, the UK-based credit analytics software company, is pleased to announce a new alliance that brings best-in-class credit market data from IHS Markit to the... Read more »

Sopra Banking Software signs strategic partnership with Tink

Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open... Read more »

iProov to provide biometric technology to challenger bank Knab, part of AEGON

Today, iProov is proud to announce that its technology is to be deployed by Dutch challenger bank Knab, to provide an effortless online biometric experience to its nearly 500,... Read more »

FintechOS named the hottest FinTech Startup in Europe

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel