Bank of The West has gone live with banking software provider Misys’s front-to-back system for trade finance, Misys Trade Portal and TI Plus.
The integrated service is expected to give Bank of the West better functionality across the whole of its trade finance business supporting the bank’s expansion plans and strengthening its day to day processing operations.
Dennis Bartz, senior vice president of trade finance at Bank of the West, said: We have benefited from Misys Trade Innovation since 2000, and the upgrade to TI Plus coupled with the addition of Misys Trade Portal enables us to improve the results we deliver to our customers still further. By continually enhancing our trade finance operations we can continue to deliver results to our clients as a first-class provider.
Olivier Berthier, solutions director of transaction banking at Misys, said: Bank of the West’s decision to implement our Misys Trade Portal solution is an excellent validation of both the strength of our working relationship and the quality of our solutions. We are now the bank’s single provider of its front and back office trade finance systems, which translates into improved operating efficiencies, better functionality and improved client-facing services for the bank.