The integrated solution provides a web-based front-to-back solution that covers letters of credit, collections and document preparation. It is expected that Norresundby Bank will utilize the software to realize fully automated front-to-back processing and true straight-through processing (STP), with the hope of increasing business volume and reducing operational risk.
The solution will be implemented at Bankdata, the bank’s data centre and service bureau, with implementation due for completion in the second quarter of 2005.
