/wholesale banking

News and resources on transaction banking, corporate banking and supply chain finance.

BIC Bred (Suisse) licenses Mitech trade finance system

As part of its continuous growth in Trade Commodity Finance demonstrated in the past years, BIC BRED (Suisse) SA has opted to license CREDOC 5G, the latest generation Trade Finance software released by MIT MAKE INTUITIVE TECH SA, better known as MITECH.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

CREDOC 5G, designed for small, medium, and large financial institutions, is built on a modern “Service oriented” architecture embedding best of breed “Workflow Engine”, “Rules Engine”, and “Business Activity monitoring” components, while facilitating seamless integration to the digitized Trade Finance world.

Franck Nater, Deputy General Manager and COO at BIC BRED (Suisse) SA declared “CREDOC sets the standard for Trade Finance in the Geneva Commodity Finance hub, and we are pleased to acquire a robust Trade Finance system with enlarged capabilities to support our growing volumes in Documentary business and Guarantees”.

“BIC BRED is the 4th financial institution deciding to adopt CREDOC 5G, since we started the commercialization of our latest Trade Finance back-end system 18 months ago” commented Michael Cohen-Dumani, CEO at MITECH adding that “it is a promising start which demonstrates the attractivity of the new technology combined with our know how of more than 35 years in Trade Finance automation”.

Sponsored [Upcoming Webinar] Next Gen Payment Processing: How banks can embrace the future

Related Company

Keywords

Comments: (0)

[Webinar] PREDICT 2025: The Future of Faster Payments in the USFinextra Promoted[Webinar] PREDICT 2025: The Future of Faster Payments in the US