Misys launches tool to integrate corporate to bank relationships
Misys has launched the Misys FusionBanking Corporate FrontOffice, which it said integrates the corporate to bank relationship more fully. It provides banks with a tool that can aid client onboarding and functionality while enabling end use treasury customers to get commercial lending data, trade finance and payment information – and prices – out of their bank much more easily.
The corporate client front-end tool has been designed to deliver a single customer view and help banks enhance their sales and service offering, writes Neil Ainger.
“Improved channel management capabilities are one of the key selling points,” said Nick Brewer, Misys’ banking product strategy director. “For instance, if a bank gets a request for proposal from a corporate the system can help to price it up quickly and appropriately.”
Wisam Mahmood, global solutions director for transaction banking at Misys, agreed, stating that the new solution “could help identify pockets of profitability” and “aid efficiency”, linking as it does into Misys’ componentised corporate banking suite.
The aim is to deliver a strategic path for commercial banking transformation, to eliminate silos and improve corporate client service as a key differentiator. Saudi Hollandi Bank is one of the launch customers with its chief operating officer Lav Kataria, commenting in a press release that “Misys has become a strategic partner in our technology journey”.