The Misys TI Plus solution automates NAB’s trade processing and is currently being implemented across Australia and New Zealand.
The TI Plus solution was implemented in Hong Kong, Singapore, China, India and Japan in December last year.
The new back-end platform has reduced documentary trade processing times for clients and delivers more consistent service across all countries.
It has also enabled NAB to increase its trade transaction volumes throughout its Asian business with a 15 per cent increase in transactions.
TI Plus is used in unison with Misys Trade Portal, the online solution, which NAB is introducing to its Australian customers to support their international trade finance programmes.
NAB head of product management Asia, global transaction banking Mark Borton said to ensure continued success in Asia and support NAB’s domestic clients, there needed to be “greater collaboration, automation and operational consistency” across its trade finance business.
“The implementation approach allowed us to get up and running on the platform very quickly across our Asian business and is enabling NAB to have a standard operating model across the region and for the global business,” said Mr Borton.
