Treasury Management Internation Logo

IDFC Bank, India Expands with Misys for Treasury and Trade Services


Singapore – Misys, the leading financial software company, has today announced that IDFC Bank, India has selected Misys FusionBanking Trade Services and Misys FusionCapital Kondor to underpin its trade finance and treasury services channels and operations.

The bank’s vision is to deliver banking anytime, anywhere by using technology to drive efficiency and set new standards of customer experience and convenience. It launched its banking operations on 1 October 2015 and is focusing on product and service innovation that take advantage of the latest digital technologies and data analytics.

Avtar Monga, Chief Operating Officer, IDFC Bank, said, “We are launching our first online offering for trade and supply chain services – a self-service channel that will boost the efficiency of trade finance transactions for our clients. Misys has a proven platform for automating documentary trade and supply chain finance, and we expect to see rapid growth in our trade finance business as a result of investing in this solution.”

FusionBanking Trade Innovation and the trade services module of FusionBanking Corporate Channels have created a highly efficient environment for the bank to deliver quick turnaround times for clients. Service Level Agreements are managed on a centralised platform providing a 360 degree view of its trade finance business. Additionally, operational dashboards provide a single view of each client’s business to manage team workloads and control the time spent on any given transaction.

The bank is also managing its international treasury management business on FusionCapital Kondor. “We wanted to create fully automated, highly efficient treasury and trading operations across multiple asset classes and instruments,” added Avtar Monga, Chief Operating Officer, IDFC Bank. “Misys provides best practice workflows out-of-the-box, as well as the tools to adapt these processes to meet local requirements. This meant that they were the most ideal partner to help us launch a future-proof platform to support our growth aspirations.”

Nadeem Syed, CEO, Misys commented, “We are delighted to expand our partnership with IDFC Bank to help them achieve their goals in corporate banking and treasury services. The Indian market is very dynamic, and by choosing Misys the bank has ensured that it will remain a driver of private sector infrastructure development in the country, and meet growing customer demands with ease.”

Misys and IDFC Ltd. have worked together since 2006, with Misys providing treasury and Asset Liability Management (ALM) services.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...