Oman Arab Bank (OAB) has adopted UK-based Misys's TI Plus solution to enhance its trade finance capabilities.
According to Misys, TI Plus is a flexible and intuitive back-office trade finance processing engine that features customizable workflows for providing visibility and control over the entire transaction lifecycle. It allows banks to define Service Level Agreements (SLAs) for each customer and apply either customer groupings or bilateral agreements for individual customers.
Misys TI Plus’s advanced security features ensure that each part of the system is protected from unauthorized use. TI Plus provides the full coverage of trade services including financial supply chain processing.
TI Plus will go live in November 2010 and will be integrated with the Equation core banking system, another Misys solution which OAB implemented 12 years.
Mustafa Srour, AGM at Oman Arab Bank, said: “TI Plus offers the high levels of back-office performance we need to differentiate ourselves within the markets we serve and grow our business by providing exceptional quality of service. We selected Misys not only based on the superiority of the TI Plus solution but also on the good post-implementation support they offer. We also felt very confident about our proven relationship with the company.”