LONDON, September 19, 2011 /PRNewswire/ --
Misys plc (LSE: MSY), the global application software and services company, today announces that Misys has been awarded four SWIFTReady product certifications for 2011 in the Transaction Banking space.
These certifications underline the company's commitment to delivering the highest standards in financial message processing. It also confirms Misys' leadership position in the Trade & Supply Chain space by making it the only solutions provider on the market with all three SWIFT Trade & Supply Chain labels.
The labels Misys has been awarded are SWIFTReady Trade Finance 2011, SWIFTReady TSU (Trade Services Utility) 2011, SWIFTReady for Corporates 2011 and also the complementary SWIFTReady Financial EAI 2011 (Enterprise Application Integration). The SWIFTReady programme ensures that third party applications are fully compliant with SWIFT standards and services.
"These certifications mean banks and corporates 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 automated solutions," states Olivier Berthier, Global Solutions Director, Transaction Banking, Misys. "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 payments, financial messaging and trade finance from the front office through to the back."
"Our payment and messaging solutions solve critical business challenges for financial institutions," comments Barry Kislingbury, Global Solution Manager, Misys. "The need to update payment and messaging systems to support modern channels, increased regulations, new standards and most importantly to maintain and grow the business has never been stronger. Yet achieving all this with a controlled and phased approach is now possible with Misys products accredited by SWIFT."
Misys Trade Portal (MTP) is an award-winning trade & supply chain application that provides banks and corporates with online access to all their trade finance transactions, from traditional trade, e.g. Letters of Credit, Documentary Collections as well as Bonds and Guarantees to more innovative Open Account services. Corporates can even consolidate all their trade business through the complementary "Misys Trade Portal for Multi-Bank" service, managing all their banking relationships through a single portal. The solution has been awarded the SWIFTReady for Corporates - Trade Finance 2011 and SWIFTReady Trade Services Utility (TSU) 2011 labels. Misys was the first solutions provider to be awarded the SWIFTReady TSU certification 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 2011 label, having achieved the annual certification every year since its launch. Misys Message Manager has been awarded the SWIFTReady Financial EAI 2011 label, certifying a solution used in over 250 bank sites around the world and one of the largest non-bank generators of SWIFT messages.
SWIFT launched the SWIFTReady label program over 11 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.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to financial services organizations. We maximize value for our customers by combining our deep knowledge of their business with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the world's top 50 banks. Misys employs approximately 4,000 people and work with over 100 partners globally 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 most important industries in the world. Working with our extensive partner network, together we create compelling solutions enabling our customers to differentiate themselves and drive a competitive edge.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
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SOURCE Misys plc