ZAO UniCredit Bank to implement Surecomp's Imex trade finance platform

Source: Surecomp

Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that Moscow-headquartered ZAO UniCredit Bank has decided to implement Surecomp's IMEX trade finance system.

Understanding the need to compete in a rapidly changing and growing market, ZAO UniCredit Bank elected a proven automated system from a world-respected trade finance solution vendor. Thus, the Bank followed the UniCredit Group strategy, in order to automate the processing of Trade Finance transactions.

Diego Rampoldi, CIO of ZAO UniCredit Bank says: "Last year ZAO UniCredit Bank included the Trade Finance back-end system in its ICT Strategy, as part of a major transformation program aimed at substantially improving the bank automation level and now this program is being realized. The bank undertook a professional evaluation process, based on rigorous technical and functional proof-of-concept workshops. It was followed by a detailed gap analysis. At the end of the process, ZAO UniCredit Bank selected Surecomp as its vendor of choice and IMEX on UNIX as the target platform. Meeting a ZAO UniCredit Bank time-to-market requirement, the IMEX implementation project for 2 processing centers of the Bank (in Moscow and Saint-Petersburg) was launched simultaneously."

Julia Petrova, Head of Global Transactions Banking Department of ZAO UniCredit Bank says: "ZAO UniCredit Bank conducted an in-depth review of all suitable back-office systems currently available on the market. IMEX met all our expectations, giving us a secure platform on which to consolidate and expand our trade finance activities. We are confident that the implementation of IMEX will generate a wealth of new business opportunities for ZAO UniCredit in the Russian trade finance market."

"Surecomp welcomes the challenge and responsibility bestowed upon us by ZAO UniCredit Bank. This is our first client in Russia, and this new business relationship comes at a memorable time as we complete our first 25 years," said Joel Koschitzky, Surecomp Chairman. "The rigorous evaluation of IMEX by the Bank in its search for a state-of-the-art trade finance solution was very impressive. We at Surecomp believe that this process will serve as the benchmark for the Russian market. More and more banks are challenged by their corporate clients to cut processing times and reduce operational fees- and IMEX helps them achieve these important objectives."

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