Amsterdam Trade Bank (ATB) has partnered with Misys to optimize its banking, treasury and trade finance operations using the latter's FusionBanking Corporate to maximise straight-through processing (STP), reduce the need for manual intervention, and significantly decrease total cost of ownership throughout business functions.
FusionBanking Corporate is designed to automate and integrate business processes across the bank, from initial transaction entry through to end-to-end processing and reporting. The project will see ATB upgrade its Misys FusionBanking Equation platform, as well as deploying the latest FusionBanking Trade Innovation trade finance module. The bank will also roll out FusionCapital Opics for treasury, giving ATB access to the most up to date functionality and allowing the bank to benefit from fully integrated trade, treasury and cash management services.
The corporate banking platform also includes Misys FusionRisk – enabling bank staff to gain a single, up-to-date view of risk exposures and limits across all areas of the business to manage risk more effectively.
The technology is being deployed in a phased roll-out over the course of the year at ATB’s head office in Amsterdam. The bank will also take advantage of Misys FusionFabric. As well as providing connectivity between the Misys components, FusionFabric opens up integration possibilities with external systems and APIs – making it much easier for ATB to upgrade and incorporate new functionality moving forward.
Michel Hofman, Head of Business Technology and Change at ATB, said, “We’re re-affirming our commitment to Misys as our long term technology partner. The Misys technology roadmap and flexibility of the Misys Fusion software portfolio will allow us to deliver on the potential of connected corporate banking and to best serve our customers today and in the future.”
Nadeem Syed, CEO at Misys, said, “Our solution will help ATB to simplify and enhance its architecture, transforming its business by moving to an interconnected and digitised process to enhance relationship banking capability, while also achieving significant cost savings. The bank will also be able to respond more quickly to changing market requirements and grow its business. ATB will be a model for other banks to follow.”
ATB has been a Misys FusionBanking Equation customer for over 20 years. Misys FusionBanking Corporate delivers a complete, connected suite of solutions for corporate banking, covering digitalised front-to-back processing across trade finance, treasury services, payments, lending and cash management.