Société Générale licenses Surecomp trade finance system

French banking group Société Générale is installing Surecomp's browser-based trade finance software, Imex, at its trade services division.

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Société Générale licenses Surecomp trade finance system

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Imex will be implemented on a mainframe platform and will be used to support the bank's trade finance operations in Western Europe.

The system handles all inward and outward letters of credit, standby L/C, collection, guarantee, remittance and financing requirements of a bank's international trade department.

Daniel le Strat, project director, says: "Our goal is to equip our back-office units with a STP solution allowing them to manage the complete life cycle of their trade finance transactions."

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