The SWIFTNet TSU has been built by SWIFT to help financial institutions provide competitive supply chain services to their corporate customers. The service became commercially available on 2 April 2007. The Misys TSU module is available either within the award-winning Internet-based trade finance solution, Misys Trade Portal, or as a standalone solution. This is the first officially certified end-to-end solution available for banks to interact efficiently with the TSU while helping to improve the financial supply chain management and integration of their corporate customers. 

 

David Hennah, Senior Product Manager at SWIFT, comments, “The purpose of this label is to ensure that third party applications support the TSU messages and rules properly, thereby allowing banks to use the TSU Solution properly and helping them regain the trade business which has been lost in the move to open account. SWIFT has been working very closely with Misys over the past decade and is delighted that Misys is the first vendor to have reached the quality standard high enough to deserve the SWIFTReady label for its TSU solution.”

 

Olivier Berthier, Head of Product Management, Misys Trade Services, adds, “The move to open account has required us to adapt our solution to meet our customers’ current needs. The TSU is a very interesting development in this space and we are proud to have been involved since its inception. We believe that the TSU will help banks get more business and more opportunities to cross-sell their products in the fast growing open account space. We look forward to working with the more innovative banks to ensure they select the most appropriate solution for their needs.”

 

The TSU is a collaborative, centralised data matching and workflow engine for SWIFT’s banking community. It has been devised in consultation with SWIFT’s Trade Services Advisory Group (TSAG). The group comprises some of the world’s leading trade services providers, including one Misys Trade Portal user, BNP Paribas. Two other users of Misys Trade Portal, Calyon and Société Générale, are also among the group of early adopter banks that have signed up for the TSU.

 

Through its close partnership with SWIFT, Misys now has , the first SWIFT-labelled solution available that supports the TSU from end to end. Misys Trade Portal supports all 41 TSU messages and processes that are currently in use and can be easily integrated with a bank’s existing SWIFT messaging infrastructure.

 

 

Edward Taylor

Global Head of Public Relations

Misys Banking Systems

+44 (0) 208 486 1661

edward.taylor@misys.com

 

Caroline Parker

Financial Dynamics

+44 (0) 207 269 7295

caroline.parker@fd.com

Misys plc (FTSE: MSY.L), the global software and solutions company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader, specialising in both the treasury and capital markets and core banking areas, having over 1,200 customers, including all of the world’s top 50 banks.  In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com