Misys Secures SWIFT Certification For Trade And Supply Chain Finance As Banks Prepare For FATF Compliance

Published 

LONDON – Misys, the leading financial software company, today announced that it has been awarded the SWIFT Certified Application labels for trade, supply chain finance and corporate supply chain finance for the seventh consecutive year. This industry recognition comes after a successful year in which the vendor was also adjudged as ‘Best-in-Class’ for corporate client experience and transactional capabilities by analyst house CEB TowerGroup.

The certifications were awarded for:

  • FusionBanking Trade Innovation and FusionBanking Corporate Channels – Trade Finance
  • FusionBanking Trade Innovation and FusionBanking Corporate Channels – Supply Chain Finance
  • FusionBanking Corporate Channels – Corporates-Trade Supply Chain Finance

Misys’ dedication to SWIFT best practices over the years has ensured the firm’s trade services platforms are compliant with the latest standards in trade finance. In upcoming releases this will include support for the SWIFT FATF 16 changes, due in 2015 as part of SWIFT’s roadmap to address financial crime in payments and trade finance. Ensuring that all required originator and beneficiary information is available throughout the payment chain will have additional benefits for Misys’ clients given the increasing focus on KYC and AML compliance along the financial supply chain.

Misys continues to deliver platforms that meet the ever changing needs and desires of its clients and the company is actively investing to maintain the strong reputation of its front to back trade services applications. Recent enhancements include out of the box integration with a range of Misys and non-Misys commercial banking applications, pre-packaged and customizable workflows for Financial Supply Chain Management and program development, and new features supporting the adoption of the Bank Payment Obligation (BPO) and Transaction Matching Application (TMA) connectivity.  

“We are delighted to once again receive the Trade Finance SWIFT Certification labels,” said David Hennah, Head of Trade and Supply Chain Finance at Misys. “Misys always endeavours to be at the forefront of technological advancement to ensure that our clients have access to products that will safeguard their long term business and provide a platform for growth in this new era of trade financing. As SWIFT provide some of the underlying standards, we are committed to helping our clients prepare for key initiatives such as FATF 16 and providing the solutions and expertise to take advantage of the increasing potential for innovation in trade and supply chain finance.”

Most recent episodes

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests consider...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00