Hamburg, Germany – May 30, 2013 – Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that two European banks recently signed agreements to license Surecomp’s DOKA® trade finance system. DOKA is a state-of-the-art system that leverages over twenty five years of Surecomp experience and expertise in the development of trade finance systems for banks and corporations.
Ranked among the top 25 financial institutions globally, the first bank is based in Switzerland. This Swiss bank has already implemented the DOKA Guarantees system and is rolling out additional modules – including Letters of Credit (LCs), Collections, Syndications, Reimbursements, Participations, Loans and Advances.
The second agreement is with a leading Frankfurt-based investment bank that focuses on small-to-medium enterprises (SMEs) and views trade finance as a strategic line of business. This German bank selected DOKA based on the systems versatility, technology and scalability, which will enable the bank to easily expand its trade finance operations from its headquarters to other locations.
"These two DOKA selections validate the Surecomp approach of providing multiple bank back-office trade finance solutions,” said Joel Koschitzky, Surecomp Chairman. “Surecomp embraces the concept that ‘one size does not fit all,’ and therefore offer a range of solutions to meet banks’ varying needs – whatever their location, size or transaction volume.”
“As we reach the halfway point of 2013, the pipeline of global interest in Surecomp various product offerings, has never been better,” continued Mr. Koschitzky. "New and current clients are taking advantage of our proven and innovative technology solutions, and we anticipate strong momentum from these and other recent deals. Surecomp is in the right place, with the right products, at the right time."
DOKA is a configurable back-office trade finance solution for local and regional banks. Integrating all major trade finance functions upon delivery, DOKA features comprehensive tool-kit options enabling easy customization based on user preferences. Modular and highly scalable, DOKA 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 SWIFTReady application, DOKA handles the full range of trade finance transactions.
Surecomp is a leading provider of global trade solutions for banks and corporations. Established in 1987, Surecomp is a market pioneer with 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.