Surecomp, a leading provider of global trade finance solutions for the financial services community, today announced that it has entered into a marketing agreement with Kuala Lumpur headquartered TESS International Group of Companies (TESS). Under the agreement, TESS will represent Surecomp’s range of trade finance products to its present and future customers, allowing them access to the world-leading customer front-end and bank back office trade finance solutions. TESS will also offer first line support to uses of Surecomp’s products in Malaysia.
The agreement comes at time of increasing demand by banks for tried and tested trade finance solutions that demonstrate not only flexibility, versatility and powerful processing capabilities, but show a proven reduction in processing time, maintenance and operational costs.
“This agreement with TESS is a very important step in our global drive to provide banks with a ‘total solution’ to meet their trade finance solution needs” said Joel Koschitzky, Surecomp Chairman and CEO. “We are confident that TESS’s Malaysian customers will find the relationship with Surecomp mutually beneficial.”
“We are delighted to be partnering with a forward-looking company like Surecomp,” said BY Liew of TESS. “Surecomp and TESS have unique strengths that work well together and complement each other. The combined expertise of Surecomp and TESS will deliver a range of powerful and comprehensive trade finance solutions to the Malaysian market.”
TESS International Group of Companies (www.tessinternational.com), an MSC-Status company, has since its inception built a reputation for offering quality software and services to the Malaysian and South East Asian banking and financial community. TESS applications are designed and developed for the exclusive use of banks, unit trust companies and other related financial institutions.
Surecomp (www.surecomp.com) is a leading provider of global trade solutions for the financial services community. A market pioneer with a two-decade proven track record for delivering innovative solutions to major banks and financial services providers worldwide, Surecomp’s global network of regional offices and state-of-the-art development centers successfully supports hundreds of installations in more than 60 countries. Surecomp’s integrated portfolio of trade finance, factoring, cash letter and reconciliation solutions streamlines the transaction lifecycle to minimize costs and maximize profit