Misys Releases Java EE Version of TI Plus 2.0

Misys plc (FTSE: MSY.L), has released the latest Java EE version of its trade finance solution, called TI Plus 2.0. The company has also announced the availability of Misys Cash Portal, a new corporate ebanking solution that responds to demands from banks to use one platform to manage all of the online requirements of their corporate clients.

In the world of cash management and trade, corporate clients are demanding more from their banks: more services, quick response times and more transparency. Both TI Plus 2.0 and Misys Cash Portal have been designed to help banks respond to those clients demands.

With TI Plus 2.0, banks are able to go to market more quickly, reduce response time to their clients and seize on new market opportunities in the financial supply chain arena.

With Misys Cash Portal, banks are able to differentiate themselves by offering their clients a single online platform for processing their cash management and trade transactions. They are able to provide the following services to their corporate clients: fund transfers and payments (including internal transfers, third party transfers, SEPA Credit Transfers and others), account balances, sweeping services, report designer, audit trail and trade finance.

Olivier Berthier, Head of Product Management, Misys Trade Services, comments, "The cash management and trade services market is moving forward rapidly and in need for more innovative and flexible front-end as well as back-office solutions to cope with the changes. We are happy to be at the forefront of it, listening to our clients and their corporate customers and keep creating new solutions to help them lead this industry. As a result, we have seen a great majority of our clients receive awards for the operations that our solutions run."

Cloverleaf Given SWIFTReady for 10th Year

Cloverleaf®finance, a message broking solution from Trace Financial has been awarded the SWIFTReady Enterprise Application Integration label by SWIFT for the tenth consecutive year. No other organisation or product has gained greater recognition. Each year SWIFT introduces new challenges and each year Trace is able to demonstrate compliance, primarily due to the power and flexibility of the Cloverleaf®finance product.

In addition, Trace’s Transformer product has simultaneously gained the SWIFTReady Message Data Services (MDS) label.

To achieve this status Trace Financial has implemented a comprehensive suite of mappings between the SWIFT MT and MX standards and passed (100%) a comprehensive test suite to prove accurate implementation. The solution is capable of being deployed as a service in numerous technical architectures including J2EE, .NET, Web Services and within third party message brokers. The power of Transformer is that these mappings can be implemented and maintained without writing code and the same approach can be used for all messaging within a financial enterprise. Libraries are available for CREST, TRAX, FIX, FpML as well as SWIFT MT and MX and support for a client's proprietary formats.

Eric Meirlaen who is responsible for the two labelling programmes at SWIFT commented, “SWIFT is happy to acknowledge Cloverleaf®finance’s capabilities with the tenth consecutive SWIFTReady accreditation - the most that any product has achieved. Trace’s Cloverleaf has consistently demonstrated excellent performance against the demanding EAI criteria that SWIFT has set each year and we commend this achievement.”

He added, “The Transformer product has significantly impressed many people at SWIFT with its ability to handle complex financial message standards and to be deployed in numerous technical architectures. We are pleased to formally recognize and applaud these capabilities with the award of the SWIFTReady label in our Messaging Data Service category.”