Hamburg, May 26, 2015 – 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.”
About Isbank AG
Iþbank AG was founded in 1992 as a wholly owned subsidiary of Türkiye Ýþ Bankasý A.Þ., Turkey’s leading bank. Headquartered in Frankfurt am Main, Iþbank AG is the European arm of Türkiye Ýþ Bankasý A.Þ. As one of the most well-respected and experienced Turkish banks headquartered in Germany, Isbank AG plays a key role in implementing its parent company’s international expansion plans. Iþbank AG is currently one of the leading financial institutions with a Turkish capital interest in Europe, and serves key trading and financial markets across the continent. Isbank AG maintains a network of 13 branches in Germany and four additional branches in the Netherlands, France, Switzerland and Bulgaria. For additional information, visit www.isbank.de.
About DOKA 5®
DOKA 5® is a configurable back-office trade finance solution for local and regional banks. Integrating all major trade finance functions upon delivery, DOKA 5 features comprehensive tool-kit options enabling easy customization based on user preferences. Modular and highly scalable, DOKA 5 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 5 handles the full range of trade finance transactions.
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six 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.