Surecomp Provides Multi-Platform Trade Finance Systems for UniCredit
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Surecomp Services, Inc.
2 Hudson Pl., 4th Fl.
Hoboken, NJ, 07030
Press release date: July 13, 2011
London - Surecomp, a leading provider of global trade solutions for financial institutions and corporations, announced today that UniCredit has licensed globally Surecomp's multi-platform trade finance systems. UniCredit will deploy Surecomp's world-leading back-office trade finance systems to support and enhance the activities of its Global Transaction Banking (GTB) Division.
UniCredit's Global Transaction Banking combines the expertise of more than 2,000 professionals across 19 countries with the professional experience of a sophisticated global transaction bank. It offers a diverse and proven set of core competencies in the fields of cash management, trade finance, structured trade and export finance, and global securities services. This is demonstrated by the many international awards received by UniCredit.
Leveraging the dedicated structure of its GTB Division, UniCredit supports its corporate customers in all financial needs, resolving the demanding requirements of companies working in international markets.
The unique licensing agreement will grant UniCredit the flexibility to select and implement the Surecomp back-office platform that best meets its individual country or regional requirements. The UNIX version of Surecomp's IMEX® system will be deployed immediately in Germany, with installations in Italy and other countries to follow.
"Given the significance of this project for UniCredit, we needed a provider with an in-depth understanding of trade finance and proven proficiency in system implementation," remarked Markus Wohlgeschaffen, Head of Global Trade Finance & Services. "The Surecomp sales and project teams displayed both knowledge and commitment, further confirmed by one of our major subsidiaries that already uses IMEX, We are pleased to have found in Surecomp a trusted and dependable partner that will support us to further strengthen our position as the leading trade finance bank in the heart of Europe."
Over the past year, the global recovery has become increasingly widespread, although progressing at variable speeds across countries and regions. In this environment, UniCredit is set to exploit its business and geographical diversification by upgrading its trade finance activities.
"We are excited to work with UniCredit on this groundbreaking project. Without question, UniCredit has broken the licensing model so long in place with this flexible forward-looking initiative," commented Joel Koschitzky, Surecomp Chairman. "As Surecomp approaches its 25th anniversary, in many ways this agreement demonstrates that our chosen path has been the right one. Without fanfare, Surecomp has become one of the premier developers of trade finance solutions. Our long-standing relationships with our customers, as well as our established expertise in the trade finance banking sector, have enabled Surecomp to demonstrate a clear understanding of market needs. We look forward to the challenge of successfully implementing UniCredit's innovative trade finance vision."
UniCredit is a leading European bank with strong roots in 22 European countries and an overall international network in approximately 50 markets, with over 162,000 employees and 9,600 branches. Global Transaction Banking (GTB) at UniCredit combines the local expertise of over 2,000 professionals with the knowledge and experience of a truly sophisticated global transaction bank. Its diverse and proven set of core competencies in the fields of Cash Management Trade Finance, Supply Chain Management, Structured Trade & Export Finance and Global Securities Services has won widespread recognition as shown by the many international awards it regularly receives. For additional information, visit http://www.gtb.unicredit.eu.
About Surecomp's Multi-Platform Trade Finance Systems
Surecomp offers four distinctive best-of-class bank back-office trade finance systems. Regardless of a bank's location, size, geographical spread of operations, transaction volume or IT infrastructure, Surecomp has an automated trade finance solution that meets and surpasses client requirements.
Surecomp is a leading provider of global trade solutions for financial institutions and corporations. Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks, financial services providers and enterprises worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 75 countries. Surecomp's integrated portfolio of trade finance, receivables management and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.
Marketing Communications Manager
Tel: +44 1256 365 448
Head of Global Trade Finance & Services
Tel: + 49 89 378 43368