FirstMerit Bank of Akron licenses Surecomp's trade finance products

FirstMerit Bank of Akron licenses Surecomp's trade finance products

Ohio-based FirstMerit Bank of Akron is installing a front-to-back trade finance system supplied by Surecomp.

Surecomp's Web-based front office product, NetImex, will be used by the bank's corporate and commercial customers, while the vendor's IBSnet system will be used in the back office.

Christina Moinette, VP and manager of FirstMerit's international division, says Surecomp's IBSnet software is expected to deliver increased efficiency and reduced transaction costs in the back office, while the addition of an Internet-based front end system will offer extra value and service to customers.

"If we are to offer a complete range of services to our customers and to meet the ambitions of the bank's management team to view trade finance as a profit centre, we needed to implement a contemporary trade finance solution," says Moinette.

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