SIBOS – 29 October 2012 – Misys has been awarded all three SWIFTReady 2012 product certifications for trade services. This underlines the company’s commitment to delivering the highest standards in financial message processing.
The labels Misys has been awarded are SWIFTReady Trade Finance 2012, SWIFTReady Supply Chain Finance 2012, SWIFTReady for Corporates – Trade & Supply Chain Finance 2012. The SWIFTReady programme ensures that third-party applications are fully compliant with SWIFT standards and services, meaning that banks and corporates can be confident that the financial messages associated with their transactions fully comply with SWIFT and will continue to benefit from higher straight-through processing and low error rates, delivering the efficiency gains promised by automated solutions.
“We are particularly pleased to receive the new labels for Supply Chain Finance, especially since our solutions were referred to as benchmarks for our competitors in a recent Aite Group report,” states Wisam Mahmood, Global Product Director, Transaction Banking, Misys. “Our customers tell us that supply chain finance is a vital area for them and we will continue to invest in expanding support for this in our trade services products: TI Plus and Trade Portal.”
Misys has been a SWIFT partner for over 25 years and has built up considerable expertise in financial messaging over this time. These accreditations confirm Misys as one of the most comprehensively certified SWIFT partners in the market with SWIFT connectivity and compliant solutions for trade finance from the front office through to the back.”
SWIFT launched the SWIFTReady label program 12 years ago, aiming to increase straight-through processing rates for SWIFT messages by ensuring third-party applications and service providers meet the highest processing standards.