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Leadbank plc has chosen Trade Innovation from Misys Wholesale Banking Systems to consolidate data and increase efficiency in its trade finance operations. Leadbank, founded in 1989 and specialised in investment and corporate banking, has recently opted for Trade Innovation to take its superlative service to the next level, citing its ease of use and speed of implementation as major reasons for the decision. The excellent relationship between Leadbank and Misys, already established by the implementation of Bankmaster, Misys’ retail banking solution, was also a key factor. 

Leadbank, based in <

  • xml:namespace prefix = st1 />Lagos, Nigeria, is a full service financial institution with activities primarily focused on serving investors and corporate clients with private and investment banking services. The Trade Innovation implementation will support all of the bank’s international trade related business applications, including import and export letters of credit, collections, bill financing and guarantees. The system’s workflow management techniques, open architecture and intuitive user interface will offer the bank more control and higher quality customer management.

    Wale Adewumi, assistant general manager – Financial Services Group, comments: “Having worked with Misys before, we know we can rely on their support throughout implementation and for any future developments. We want our customers to benefit from this investment as soon as possible and Trade Innovation has a first rate implementation track record. The product’s proven high rates of straight-through processing will improve efficiency and risk management, allowing us to concentrate on serving our customers better.”

    “With Leadbank’s business growing at a rapid rate, Trade Innovation will play a key role in allowing the bank to easily handle increased trading volumes and attract more customers, while also reducing processing costs,” says Juan Cejudo, head of sales, Middle East and Africa, Misys Wholesale Banking Systems. “Working in partnership with Leadbank, we look forward to demonstrating the enhanced customer service and increased efficiency that will result from this implementation.”