Delivering forward-thinking trade finance software solutions to African banks and corporations to automate and digitize their trade operations
We set some very tight deadlines for the implementation of IBM MQ at First Bank and I am pleased to say that the technical consultants from IBM’s local partner USL did a great job in meeting these deadlines
Today IBM WebSphere and Application Performance Manager have become an all-important and fully functional part of the bank’s IT infrastructure, allowing the bank to extend its operations and surpass in delivery of its obligations, Union Systems provided necessary and relevant professional service that empowered the bank to achieve this
USL's understanding of our needs, their local support and their relationship with Misys were major factors in our choosing Fusion Banking Suit as our core platform for the future
The success and speed of the implementation of the FBTI product was made possible by the dedicated team at Union Systems who worked alongside our in-house specialists and the team from Finastra
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Automation of FX Allocation & Utilization Process
For the CBN to regulate access to scarce foreign exchange, it has put in place several active [SA1] windows which include: the Retail SMIS Funds, SME Form Q Funds, the Investors & Exporters Funds (I&E) and the Invisibles Funds (PTA/BTA, Medicals and Education). Despite these initiatives, the FX demand continues to outweigh the supply. Thus, leaving individuals and corporates to source FX at a higher rate from the parallel market.
SEAMLESS INTEGRATION TO THE CBN TRADE MONITORING SYSTEM (TRMS)
A challenge that this automated process will pose to most Nigerian banks will be the integration of their trade finance and other related back-end applications to the TRMS portal and harnessing the full potential of the trade automation process to their benefit and to those of their customers.
Union Systems set to introduce new treasury management solution
Drawing from the success they had with the release of Kachasi Trade Finance Software and…