Habib American Bank licenses Surecomp trade finance software

Source: Surecomp

Surecomp, a leading provider of integrated trade finance and factoring solutions for the banking and financial market, announced today that New York-headquartered Habib American Bank (HAB) has licensed IBSnet, Surecomp SWIFTReady Gold accredited, Windows-based trade finance solution.

Habib American Bank will exploit the power and functionality of IBSnet to further grow their already significant trade services business, streamline processing automation and generate an enviable ROI.

Specializing in Financial Institution Services; international trade finance, asset based lending, commercial and residential mortgages and consumer banking services, Habib American Bank is a community bank with network of affiliated and correspondents banks throughout the world.

Announcing the licensing of Surecomp's IBSnet trade finance solution, Rizwan Qureshi, Executive Vice President commented "at Habib American Bank our reputation for exceptional customer service in every aspect of our business dealings is paramount. For us to continue to compete in today's fast-paced marketplace and maintain our position as 'a local bank with international experience' we understood that we needed a next generation solution for our ever growing trade finance business. The selection of IBSnet provides Habib American with a scaleable and flexible integrated solution using the latest technologies, which translates into a profitable long-term relationship with our corporate customers."

Sharing his thoughts on the Bank's licensing of IBSnet, the most widely installed Windows-based trade finance systems, Surecomp's North American customer services VP, Steve O'Brien said "It's no secret that the small and medium business marketplace is the fastest growing banking segment. Banks are looking to their solution vendors to help them improve service levels and support to their customers while driving profitable growth. At Surecomp our goal is clear; we want to make it simple and affordable for banks to offer the very best in trade finance solutions, blending software and services for the benefit of corporate customers and optimizing the banks own business model."

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