Union Bank of Nigeria has implemented Misys trade portal to help its trade finance managers to connect with their banks and complete international trade transactions.

The bank will also connect with Misys’ trade innovation, which processes trade finance transactions.

“International trade, specifically in the energy sector, has increased over the years in response to global demand, says Ibrahim Kwargana, executive director of operations at Union Bank of Nigeria. “It is vital that we have the right technology and partner to strengthen our position in the market.

Chuks Onyebuchi, CEO at Union Systems Limited (USL), a Misys partner in the region, adds: “Union Bank of Nigeria recently went through extensive transformation of its people, systems and processes.

“As part of that process, they needed to automate their international trade services lifecycle from customer initiation to completion with a flexible and functional-rich solution that allows two-way communication between the bank and their corporate customers. This is to differentiate them within a changing and competitive Nigeria market.”