The Misys’ integrated suite of products includes Misys Opics Plus, Misys Portal for Opics Plus, TI Plus and Misys Trade Portal.
Misys said that the agreement enables FirstMerit to offers its customers with a web-based front-end and a back-office processing system for trade finance and FX solutions.
According to the Misys, its portal will support the bank’s goals to expand its international banking products globally and will be able to provide international banking customers with a full range of products and services to meet a various foreign exchange and trade finance needs, through a single web-based portal.
The products and services include spot, forward, window forward, NDF, swaps, time options, bank notes, drafts, wires, letters of credit, standbys and collections.
FirstMerit Bank International Banking Division senior vice president and manager Craig Schurr said that the Misys solution will especially help improve the bank’s operational efficiencies and provide a platform from which bank can grow its business.
