In June 2003, with the support of Misys, Bank Muscat became the first bank in the Gulf to offer an online trade finance service with high rates of straight through processing (STP). Implementing Trade Innovation e-Banking will extend the bank's trade finance business to customers via Internet access in real time. Its high levels of STP have already drastically reduced duplication of effort, diminished risk and resulted in major cost savings.

Provided by: Misys Topic: Date Added: Dec 2004 Format: PDF

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