Bank of the West Goes Live With Misys TI Plus and Misys Trade Portal Delivering Results to its Trade Finance Customers


LONDON, October 30 /PRNewswire/ --

- Adoption of e-Business System Gives Bank of the West Optimal Front-End 
Support

Misys, a global leader in banking application software and services,
today announces that Bank of The West has gone live with Misys' front-to-back
solution for trade finance, Misys Trade Portal and TI Plus. The integrated
end-to-end solution gives Bank of the West unrivalled functionality across
the whole of its trade finance business supporting the bank's expansion plans
and strengthening its day to day processing operations.

A leading regional commercial bank, with over $63bn in assets, Bank of
the West is the second largest bank headquartered in California. Bank of the
West has branches in 19 states and employs approximately 11,000 staff,
including in its trade processing center in Los Angeles. The bank provides a
range of deposit, credit, insurance and investment products and services
across commercial banking and regional banking, including National Finance.

Bank of the West evaluated solutions from several companies and chose
Misys Trade Portal for its advanced capabilities and proven record in trade
finance. In the highly competitive banking environment, the enhanced
functionality offered by Misys Trade Portal will give Bank of the West
unrivalled levels of efficiency and client service, giving clarity and
improved options for follow up and value-add to clients.

Dennis Bartz, SVP, Trade Finance at Bank of the West, commented, " We
have benefited from Misys Trade Innovation since 2000, and the upgrade to TI
Plus coupled with the addition of Misys Trade Portal enables us to improve
the results we deliver to our customers still further. By continually
enhancing our trade finance operations we can continue to deliver results to
our clients as a first-class provider."

Susan Feinberg, Senior Research Director, Wholesale Banking, TowerGroup,
states, "As banks look to develop new trade solutions, it is important that
they consider the needs of both their corporate clients conducting open
account cross-border trade and those clients looking to automate and enhance
the financial supply chain for domestic B2B commercial activity. As we
approach the next decade, TowerGroup expects trade and supply chain finance
solutions to be at the forefront of the offerings that banks provide to their
corporate clients."

"Bank of the West's decision to implement our Misys Trade Portal solution
is an excellent validation of both the strength of our working relationship
and the quality of our solutions", added Olivier Berthier, Solutions
Director, Transaction Banking, Misys. "We are now the bank's single provider
of its front and back office trade finance systems, which translates into
improved operating efficiencies, better functionality and improved
client-facing services for the bank."

Misys has built a vast amount of knowledge and expertise in the trade
finance and financial supply chain market, with award-winning solutions from
the front office through to the back office, as well as the first and most
advanced SWIFTNet Trade Services Utility (TSU) enabled solution. This
experience in both traditional trade instruments as well as Open
Account-based transactions enables Misys to add real value to customers and
continue to lead the innovations in the market.

About Misys plc

Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in Allscripts-Misys Healthcare
Solutions, Inc (NASDAQ: MDRX) a clear leader in the provision of healthcare
technology, serving more than 150,000 physicians, 700 hospitals and nearly
7,000 post-acute and homecare organisations. Misys employs around 6,000
people 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.

Misys: Experience, Solutions, Results

Contact us today, visit: http://www.misys.com

About Bank of the West

Founded in 1874 and based in San Francisco, $63.7 billion-asset Bank of
the West (http://www.bankofthewest.com) is the second-largest commercial bank
based in California. Bank of the West offers a full range of corporate,
business, trust, international and personal banking services, including
syndication of larger corporate loans. The bank currently operates more than
700 banking locations in 19 Western and Midwestern states. Bank of the West's
holding company BancWest Corporation is a subsidiary of BNP Paribas, a global
financial institution and one of the world's three most highly-rated banks,
according to S&P.

For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys Banking Systems
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)20-7269-7158
    sebastian.mathews@fd.com



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.