LONDON and KUALA LUMPUR - AmBank (M) Berhad (’AmBank’) has strengthened its trade services capabilities with a new trade services solution, provided by Misys International Systems Sdn. Bhd. (’Misys’), a global application software and services company.
This solution is in line with AmBank’s current updating exercise for its trade capabilities and Misys provided the added edge of being able to cater to both conventional and Islamic trade services. AmBank will now also benefit from a more robust back-office trade services solution, a big step ahead over the existing system in meeting the changing requirements of the market and handling the increasing business volumes and new products. The new system, an integrated solution known as Misys Trade Portal and Misys Trade Innovation, will enable AmBank to enhance its offering of trade services to customers and provide them with real business benefits to help drive their business growth.
Dato’ James Lim, Managing Director, Business Banking, AmBank (M) Berhad said, “Trade services are an important part of our growth strategy, both for the conventional and Islamic markets. We chose Misys after a rigorous selection process, with the team at Misys demonstrating the best industry knowledge and market-leading solutions. We are excited about what the new solutions will do for our business, in building relationships with our corporate customers.”
This solution will enable AmBank to offer businesses access to trade services through an internet portal, allowing importers and exporters to connect seamlessly via this platform, by providing better control and visibility in international commercial transactions and consolidating the back-office operations.
Andrew Kukielka, Regional Director Asia Pacific, Misys said, “We are delighted that AmBank has put its trust in us so that it can maximise its fee-based revenue in the current economic climate. Our market-leading solutions will enable AmBank to expand its trade services business to cater for increased volume, strengthen its position in the trade services industry and grow its customer base substantially.”
Misys Trade Services provides more than 190 customers with solutions for all their trade finance and services needs, making it the world’s best-selling trade banking system provider and the leading provider of trade services solutions in Asia.
About AmBank Group
Established in August 1975, AmBank Group is the fifth largest financial services group in Malaysia (by assets, as at 31 December 2008) and comprises AMMB Holdings Berhad and its subsidiaries AmInvestment Bank Group, AmBank, AmIslamic Bank and AmAssurance.
The Group provides a wide range of investment banking, commercial banking, retail financing and related financial services, which also include Islamic banking, underwriting of general and life insurance, stock, share and futures broking, investment advisory as well as asset, property and unit trust management.
AmBank Group’s core philosophy incorporates a deep-seated commitment to the satisfaction of its wide range of customers, with numerous customer-driven initiatives woven into all forms of communication and interaction with all customer groups. The Group is committed to providing new and innovative products and services to its customers with its partnership with Australia and New Zealand Banking Group (ANZ), one of Australia’s leading banks.
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world’s best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results Contact us today, visit: www.misys.com For further information, kindly contact: AmBank (M) Berhad Andre Lee General Manager Cash and Trade Services Management AmBank (M) Berhad Tel: +60-3-2381-1923 Email: andre-lee@ambg.com.my Misys International Systems Sdn. Bhd. Edward Taylor Global Head of Public Relations Misys Solutions for Banking Tel: +44(0)20-3320-5530 Email: edward.taylor@misys.com
Source: Misys plc & AmBank Group
For further information, kindly contact: AmBank (M) Berhad, Andre Lee, General Manager, Cash and Trade Services Management, AmBank (M) Berhad, Tel: +60-3-2381-1923, Email: andre-lee at ambg.com.my; Misys International Systems Sdn. Bhd. Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking, Tel: +44(0)20-3320-5530, Email: edward.taylor at misys.com
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