Union Systems Limited is pleased to announce the successful implementation of FusionBanking Trade Innovation (FBTI) at Rand Merchant Bank (RMB) Nigeria. This project implementation success represents the combined efforts of business users and technical staff at RMB Nigeria, technical staff at RMB Johannesburg, project support team at Finastra and the implementation team from Union Systems Limited. The full implementation through to go-live, was achieved in less than 7 months.
Funsho Odukoya, Chief Operating Officer, Rand Merchant Bank Nigeria said, “this is an important milestone for the bank and an important building block in our growth plans for the Nigerian market. At RMB Nigeria, we are constantly creating and developing advanced solutions that offer corporate clients greater flexibility, choice and control over their trade finance activities.”
Grema Ogboru, Head of Business Technology, Rand Merchant Bank Nigeria, added, “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. The solution enables the bank automate trade processes, thereby increasing efficiency, productivity and customer service”.
Seun Adeleye, Head of Projects at Union Systems Limited commenting on the project said, “The go-live of FBTI at RMB Nigeria is a testament to how technical projects, involving numerous systems integrations, need to be closely managed and staffed with experienced professionals in the implementation of Trade Finance solutions. We thank RMB and Finastra for their critical input to the success of the project and we take pride in the role of the USL team who contributed so much, to achieve project delivery on time and within budget.”
About Rand Merchant Bank Nigeria
Rand Merchant Bank (RMB) Nigeria Limited is an Authorised Financial Services Provider and a subsidiary of the FirstRand Group. RMB Nigeria offers a comprehensive suite of investment banking products and services; advisory, finance and trading solutions; investment opportunities and fund management. Please visit www.rmb.com.ng
About Union Systems Limited
Union Systems Limited (USL) is an Information Technology Company that provides enterprise software solutions and professional services to major banks in Africa. The Company supports customers in 19 African countries and provides software solutions to financial institutions to enhance their software capabilities, effectively scale underlying processes, improve compliance and drive operational efficiencies. Please visit www.unionsystems.com
Finastra
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology. Please visit www.finastra.com
