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FirstMerit Bank rolls out Surecomp trade finance software

26 July 2005  |  1799 views  |  0 Source: Surecomp

Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the wholesale banking industry announced today that FirstMerit Bank of Akron, Ohio, is in full production with Surecomp's integrated front-to-back office trade finance solution.

The Bank originally licensed NetIMEX, Surecomp's Internet-based trade services solution, designed for use by the Bank's corporate and commercial customers, and IBSnet, Surecomp's SWIFT Ready Gold accredited, back office trade finance product in May 2004.

Announcing that the Bank was in full production with NetIMEX and IBSnet, Christina Moinette, FirstMerit's Senior Vice President & Manager of the International Division said, "From the outset we had no doubt that Surecomp would meet our aggressive implementation requirements and enable us to be in production with NetIMEX and IBSnet in a minimal timeframe. Now with the powerful combination of NetIMEX and IBSnet, we are able to offer our commercial customers a completely seamless customer-to-bank-to-customer trade finance solution."

Steve O'Brien, Surecomp's Vice President, Customer Services, North America added, "We were aware that the Bank was aiming to achieve a fast return on it's investment by having the system up and running in the shortest possible timeframe. I am delighted that we have proven yet again that Surecomp's strengths lay not only in the development of world-class software but in the in-depth professional services required to support such software."

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