Misys Announces Fourth SWIFTReady 2010 CertificationBy Misys Plc, PRNE
Sunday, October 24, 2010
SWIFTReady for Corporates - Trade Finance 2010 Certification Awarded to Misys Trade Portal
LONDON, October 25, 2010 - Misys plc (LSE: MSY), the global application software and
services company, today announces that Misys Trade Portal has passed SWIFT's
stringent validation programme and been awarded the SWIFTReady for Corporates
- Trade Finance label for 2010.
This certification for Misys Trade Portal joins Misys' other
SWIFTReady labels, underlining the company's commitment to delivering the
highest standards in financial message processing. It also confirms Misys'
leadership position in the Trade Finance space by making it the only
solutions provider on the market with all three SWIFT Trade & Supply Chain
The other labels are SWIFTReady Trade Finance 2010, SWIFTReady
TSU (Trade Services Utility) 2010, and also the complementary SWIFTReady
Financial EAI 2010 (Enterprise Application Integration). The SWIFTReady
programme ensures that third party applications are fully compliant with
SWIFT standards and services.
Misys Trade Portal (MTP) is an award-winning trade finance
application that provides banks and corporates with online access to all
their trade finance transactions, from traditional trade, e.g. Letters of
Credit, to more innovative Open Account services. Corporates can even
consolidate all their trade business through the complementary MTP for
Multi-Bank service, managing all their banking relationships through a single
"This SWIFTReady certification is great news to all banks and
corporates using MTP to manage their trade transactions," states Olivier
Berthier, Solutions Director, Transaction Banking, Misys. "It means that they
can be confident that the financial messages associated to their transactions
are fully SWIFT compliant and will continue to benefit from higher
straight-through-processing and low error rates, delivering the efficiency
gains promised by an automated, online solution. Misys has been a SWIFT
partner for over 25 years and has built up considerable expertise in
financial messaging over this time. This latest accreditation, together with
our recently announced SWIFTNet Service Bureau, confirms Misys as one of the
most comprehensively certified SWIFT partners in the market with SWIFT
connectivity and compliant solutions for payments, messaging, front- and
back-office trade finance."
In addition to the SWIFTReady for Corporates - Trade Finance
label, MTP was awarded the SWIFTReady TSU (Trade Services Utility) 2010 label
earlier in 2010. Misys was the first solutions provider to be awarded this
when the SWIFTNet TSU service came into existence in April 2007 and has been
accredited every year since.
Misys' solution for back-office trade finance, Misys TI Plus,
was awarded the SWIFTReady Trade Finance 2010 label, having achieved the
annual certification every year since its launch. This year the support
within TI Plus for MT798 SCORE message types was extended further to cover
eight new message flows between the corporate and bank. This brings the total
of new message flows supported to 33.
Misys Message Manager has been awarded the SWIFTReady
Financial EAI 2010 label, certifying a solution used in over 250 bank sites
around the world and one of the largest non-bank generators of SWIFT
"Our payment and messaging solutions solve a critical business
challenge for financial institutions," comments Barry Kislingbury, Solutions
Manager, Misys. "By streamlining message and payment workflows, we can roll
out regulatory requirements and industry standard changes from a single
system, greatly reducing the complexity, cost, and risk of these regular
updates across multiple systems."
SWIFT launched the SWIFTReady label program over 10 years ago,
aiming to increase straight-through-processing rates for SWIFT messages by
ensuring third party applications and service providers meet the highest
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader banking and treasury & capital markets, with
over 1,200 customers, including all of the world's top 50 banks. Misys
employs around 3,500 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 financial services industry throughout
Misys: experience, solutions, results
Contact us today, visit: www.misys.com
For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury & Capital Markets +44(0)20-3320-5530 firstname.lastname@example.org Sebastian Mathews FD +44(0)20-7269-7158 email@example.com
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor at misys.com, Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com
Tags: London, Misys plc, October 25, United Kingdom