Oman Arab Bank selects Misys trade finance solution
Oman Arab Bank to roll out Misys TI Plus trade finance solution
The Oman Arab Bank (OAB) has selected Misys TI Plus trade finance solution to improve its trade finance capabilities.
The bank will integrate the TI Plus solution with its existing Misys Equation core banking system, with the trade finance application due to go live in November.
"TI Plus offers the high levels of back-office performance we need to differentiate ourselves within the markets we serve and grow our business by providing exceptional quality of service," said Mustafa Srour, AGM, Oman Arab Bank. "We selected Misys not only based on the superiority of the TI Plus solution but also on the good post-implementation support they offer. We also felt very confident about our proven relationship with the company."
The Misys TI Plus solution provides a back-office trade finance processing engine, with customisable workflows for providing visibility and control over the entire transaction lifecycle. The solution includes the ability to set SLAs for each customer, and security so that individual users only have access to the appropriate part of the system.
"We have a long-standing partnership with OAB and are delighted that we will be extending our partnership through the implementation of the Misys Trade Finance Solution. Through TI Plus (Trade Innovation) the bank will benefit from the increased efficiencies and customer service through our award winning solution." said Roy Froud, director - Middle East & Africa, Misys.