Surecomp Announces 2018 SWIFT Certification

HOBOKEN, NJ, October 15th, 2018 – Surecomp®, the leading global provider of trade finance solutions for banks and corporates, announced that its product suite has been awarded 2018 SWIFT certification. DOKA NG ® and IMEX ®, back-office trade finance solutions, were both granted ‘SWIFT Certified Application – Trade Finance’ for the 18th and 20th consecutive years respectively. COR-TF®, a multi-bank corporate trade finance solution, has been awarded the “SWIFT Certified Application – Trade and Supply Chain Finance for Corporates” label for the seventh consecutive year. SCF-PRO ®, supply chain finance solution for banks and corporations, has been awarded the “SWIFT Certified Application – Supply Chain Finance” label for the fifth consecutive year. 

The SWIFT Certified program provides accreditation to companies that provide various SWIFT-related services and solutions to end customers. SWIFT checks compliance with relevant quality criteria and standards, and awards SWIFT Certified labels for qualifying applications and specialists. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence.

The 2018 accreditation is particularly significant given the substantial changes and updates to letters of credit messaging under SWIFT. “Following a rigorous validation process, we are pleased that once again our suite will boast SWIFT certification”, said Gadi Komet, executive vice president of global delivery at Surecomp. “From end-to-end trade finance services, to corporate trade finance and supply chain finance – the Surecomp product suite continues to both lead and disrupt the industry as we head towards 2020 and beyond.”

About SWIFT

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,500 banking organizations, securities institutions and corporate customers in 215 countries and territories. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For additional information, visit www.swift.com.

About Surecomp

Surecomp® is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for 30 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and eight state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional Information, visit www.surecomp.com.

About COR-TF®

COR-TF® is the premium solution for the management and handling of guarantees, letters of credit (L/Cs), and collections for corporations supported by multiple banks. Designed for corporations with a complex configuration, COR-TF provides customers with a single view of the volume and structure of their trade finance transactions, including import/export L/Cs, outward/inward collections, and bank/parent/group guarantees. Supporting all standard global electronic transmission channels such as SWIFT Standardized Corporate Environment (SCORE), Bolero and DTA, COR-TF facilitates streamlined communications between a corporation and its international banking network.

About DOKA-NG®

DOKA NG® is a configurable back-office trade finance solution for local and regional banks. Integrating all major trade finance functions upon delivery, DOKA NG features comprehensive tool-kit options enabling easy customization based on user preferences. Modular and highly scalable, DOKA NG carries out daily processing on a transaction-type basis, automatically executing all necessary working steps within each transaction. Featuring an intuitive graphical user interface (GUI), users have access to all transaction screens, the information system, and full online documentation at all times. A SWIFT-certified application, DOKA NG handles the full range of trade finance transactions.

About IMEX®

IMEX® is the world’s leading back-office trade finance solution designed for banks with high volumes of trade activity. Serving as a real-time processing and decision-support system, IMEX is a comprehensive back-office solution that fully addresses the diverse needs of a bank’s trade services department. IMEX handles the entire range of trade finance transactions – including issued and received letters of credit (L/Cs), standbys, clean and documentary collections, clean payments, guarantees, reimbursements, syndications and participations – and supports both integrated and stand-alone financing, discounting and forfaiting. IMEX is a SWIFT Trade Finance certified product and has been for twenty consecutive years.

About SCF-PRO®

Equipped with pro-forma invoice, accounts payable management, and finance capabilities, SCF-PRO is supported by an array of standard features including a complete BPO module, imaging, notifications and workflow. SCF-PRO has full back and front office component and is easily integrated with existing back- and front-office environments encompassing all main SCF players. By optimizing working capital, improving cash flow management and strengthening trade relationships, SCF-PRO benefits buyers, suppliers and the banks that serve them.

Surecomp Contact

Jack Gottesman
Director of Marketing
Tel: +1 201 716-1219
Email: Jack.Gottesman@surecomp.com