Misys Wholesale Banking Systems has signed a partnership agreement with Vanda Systems & Communications Holdings Limited to promote its trade services solution, Trade Innovation, in China.
Trade Innovation, the market leading trade services solution, will be packaged and promoted as TI Express to the provincial Chinese banks. Under the terms of the agreement, Misys and Vanda will work closely together to market and implement the solution, as well as develop specific functionality in response to local banking requirements.
Vanda is a leading solutions provider in People’s Republic of China, primarily engaged in the business of providing solutions to banking and financial institutions. It is also a member of Hutchison Whampoa Group, which is a leading international conglomerate committed to innovation and technology, with businesses spanning the globe. Vanda has a strong market share in core banking applications and will be enhancing its offering with TI Express.
The partnership has already produced its first results, with Bank International Ningbo, an Indonesian private bank with branches in Ningbo and Shanghai, recently signing for the solution.