Synergy Trade Service V4.0 received SWIFT readiness conformance.
In today’s global market customers are demanding more from their banks. Some of these requests include greater availability of their data and more trade information along with real time synchronization so they can more dynamically manage their business. To be able to accommodate their customer’s demands banks need a comprehensive back office solution for trade finance. One that supports Letters of Credit, Stand By, Guarantees, as well as support for transactions capture, checking, correspondence, accounting and payments
The Trade Finance Back Office module of the Synergy suite gives banks such functionality enabling them to better serve their clients. Better products with automation in every step of the trade finance process, improved planning of the transactions, enhanced management monitoring and workflow control including risk factors... this functionality will enable increased operational efficiency ensuring that the bank can provide better services to their customers.