Saudi Hollandi Bank (SHB) has selected an integrated transaction banking solution from Misys as part of its strategy to upgrade its trade finance and cash management online services.
The contract comes as SHB aims to broaden its portfolio of cash management services to customers across the Kingdom and become a top five trade finance provider within the next two years. The new solution will be rolled out in 2013 with the aim of improving the performance of the bank’s trade finance division.
“Misys was able to show us a compelling case for how we can meet our ambitious expansion targets using its software and services and by building a robust back-office engine to enable that desired growth,” says Dr. Bernd van Liner, managing director at SHB. “Misys’ product vision, commitment market leadership to innovation and ability to execute were the decisive factors in this project, which we anticipate bringing great value to our offerings in the years ahead and an improvement in the service we provide our customers.”
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