Hamburg, Germany – February 20, 2014 – Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that LGT Group, the international private banking and asset management company, has selected Surecomp’s state-of-the-art DOKA 5® trade finance system. A configurable back-office trade finance solution, DOKA 5 leverages over twenty five years of Surecomp experience in trade finance systems for banks and corporations. LGT Group has licensed DOKA 5, the latest version of the advanced solution.
LGT Group is the world’s largest private banking and asset management group that is wholly owned by an entrepreneurial family. The Princely Family of Liechtenstein has personally owned and managed LGT for over 80 years. LGT’s ownership structure and decades-long continuity have enabled the Group to pursue a consistent long-term strategy while making decisions rapidly and independently.
“At LGT, we believe in providing optimal long-term solutions to our clients. As such, we took a very close look at various leading trade finance solutions before selecting Surecomp’s DOKA solution,” said Juerg Koch, Head Trade Finance at LGT Group. “We were won over not only by DOKA’s configurability and functionality, but also by Surecomp’s proven expertise in the development and support of advanced trade finance solutions.”
"We thank LGT Group for its confidence in Surecomp, and we look forward to working together to provide the best trade finance services for its corporate customers,” said Joel Koschitzky, Surecomp Chairman. “To support its international client base and presence, we will assist LGT Group in implementing the DOKA solution at its offices across Europe, Asia and North America.”
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.
About LGT Group
LGT Group is an international private banking and asset management group domiciled in Liechtenstein. The group has been owned for over eighty years by the Princely House of Liechtenstein. With around 1,900 employees, LGT Group is represented in more than 20 locations in Europe, Asia and the Middle East. At June 30, 2013, LGT Group managed assets of CHF 108.7 billion (USD 114.9 billion). For more information, visit www.lgt.com.
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, supply chain finance and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.