Isbank Germany licenses Surecomp trade finance package
27 May 2015 | 2009 views | 0
Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that Isbank AG, the European arm of Turkey’s leading bank Türkiye Is Bankasi A.S., has licensed Surecomp’s state-of-the-art DOKA 5® trade finance system.
A configurable bank back-office solution, DOKA 5 leverages Surecomp’s decades of experience providing proven trade finance systems to banks and corporations worldwide.
Headquartered in Frankfurt, Isbank spearheads its parent company’s international expansion plans, and promotes close commercial and other ties between Western Europe and Turkey.
To compete in today’s dynamic market and to meet and surpass exceptions, Isbank has over the past 18 months embarked on a major overhaul of its core banking system and critical modules including cash management. Working closely with Swiss-headquartered Avaloq Banking System, a Surecomp partner, Isbank completed the implementation and went live with it’s the new core system in record time.
Understanding that trade finance is a key element in building strong international operations, and that the bank’s in-place manual system would not allow for the growth strategy envisaged by the bank, Isbank embarked on a comprehensive evaluation of currently available trade finance solutions.
Isbank sought an efficient, agile and responsive trade finance solution to meet the business challenges of its corporate clients. The bank also wanted to partner with a solution provider that offers not only advanced software solutions but also superior integration and support services.
“After a careful review of various competitive offerings, we selected Surecomp’s DOKA 5 solution. While we appreciated DOKA 5’s comprehensive features and functionalities, we were particularly impressed by its easily customizable toolkit options,” said Uzay Ersin, Corporate Operations Manager at Isbank. “Throughout the evaluation process, the Surecomp team exhibited extensive market knowledge, and provided us with expert advice and assistance.”
“Our goal is to accompany our clients in their international business growth through a long-term partnership approach, supported by the dedication and passion of our trade finance professionals,” remarked Moshe Wolfson, Surecomp Vice President Sales EMEA and Global Head of Marketing. “We greatly appreciate Isbank’s vote of confidence in our company, and look forward to successfully partnering with the bank in the years ahead.”