London/New York, 3rd October 2005 - Misys Banking Systems (Misys) is pleased to announce that Associated Bank, the second largest financial institution in Wisconsin, US, has selected Misys Trade Innovation to provide operational and workflow management for its trade finance operations. The solution will help the bank to drive greater efficiency in its international banking activity.
Associated Bank, headquartered in Green Bay, is a diversified multibank holding company, serving mainly small and mid-sized businesses across Wisconsin, Illinois and Minnesota. The bank has an extensive correspondent bank network that brings international banking services to corporate customers in the upper Mid-West and across other parts of the United States.
Nancy Burton, Vice President and Manager of International Banking at Associated Bank, comments: "We recently implemented an initiative at the bank called 'Achieving Excellence'. Through this initiative we sought ways of improving the quality of the conversations we have with our customers. If we are better listeners and take the time to truly understand our customers' needs, we can measurably improve the quality of service they receive. We can also create the relationships that allow Associated to improve its financial performance significantly on a sustainable basis."
With this as a background, the bank launched an evaluation in late 2004 to find a suitable replacement for its current system.
""When we saw Misys Trade Innovation, and the way its intuitiveness allows the user to concentrate on customer needs rather than system methodologies, we thought it was the natural solution to pursue our Achieving Excellence initiative within International", she concludes.
Steve Anderson, Business Development Manager for Misys Trade Innovation in the Americas, also comments: "We are delighted to be working with Associated Bank to manage its trade finance operations. Associated Bank is one of 18 organisations that have selected Misys Trade Innovation to streamline trade finances in the past year alone. There does seem to be strong, growing demand for this combination of intuitive operation and efficient automation."
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For further information, please contact
Edward Taylor
Financial Dynamics
+44 (0)20 7269 7295
edward.taylor@fd.com
Kirsty Lowe
Marketing Manager
Misys Banking Systems
+44 (0) 208 879 1188
kirsty.lowe@misys.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 90% of the world's top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
About Associated Bank
Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified multibank holding company with total assets of $21 billion. Associated has more than 300 banking offices serving more than 170 communities in Wisconsin, Illinois, and Minnesota. The company offers a full range of traditional banking services and a variety of other financial products and services. More information about Associated Banc-Corp is available at www.associatedbank.com.
