KBC Bank has selected Misys Trade Services to enable its TSU-based initiatives.
Misys was the first vendor to win the SWIFTReady Trade Services Utility (TSU) label having enhanced its award-winning Misys Trade Portal solution to cater for banks making the most of the TSU.
KBC is one of the 12 banks in the original Swift Trade Services Advisory Group (TSAG), and selected the adapted Misys Trade Portal to help deliver greater value to its corporate clients.
The Misys TSU module is available either within the Internet-based trade finance solution, Misys Trade Portal, or as a standalone solution.
Olivier Berthier, head of product management, Misys Trade Services comments: “The move to open account changes the relationship between banks and their trade finance customers. The SwiftNet TSU has been built to help banks turn this into an opportunity and provide competitive supply chain services to their corporate customers. We were the first officially certified end-to-end solution available for banks to interact efficiently with the TSU and we are delighted that KBC Bank has shown it is leading the way in this market and making the most of the opportunities the TSU brings.”
The TSU is a centralised data matching and workflow engine set up for Swift’s banking community. It was devised in consultation with Swift’s Trade Services Advisory Group (TSAG).