November 4, 2013 – Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that UniCredit Tiriac Bank has deployed Surecomp’s IMEX® Trade Finance solution in Romania. UniCredit Tiriac Bank went live with the solution in early October 2013.
UniCredit Tiriac Bank joins other European banks within the UniCredit Group that have previously deployed IMEX. In this implementation, Bank Pekao SA is hosting UniCredit Tiriac Bank’s infrastructure in Warsaw. Bank Pekao SA is a long-time user of IMEX and allNETT®, Surecomp’s Web based trade finance front end.
“By adapting Surecomp’s solutions to our specific needs, we were able to reduce project risk and implementation time, enabling us to successfully address our Corporate clients’ needs for automated letters of credit, collections and guarantees”, said Cristina Bunescu, Head of Trade Finance at UniCredit Tiriac Bank.
UniCredit Tiriac Bank opted to install its IMEX solution in Warsaw as part of a Multi-Entity IMEX deployment at Bank Pekao.
“After operating IMEX successfully for many years, we knew that it could also meet the needs of UniCredit Tiriac Bank”, said Sylwester Stasiak, Managing Director of Transaction Banking at Bank Pekao.
“We are appreciative that yet another innovative subsidiary within UniCredit has turned to Surecomp and deployed our state-of-the-art trade finance solutions,” said Raphael Barisaac, Vice President, Europe, and Global Head, Trade Finance & Supply Chain Finance at Surecomp.
IMEX is the world’s leading back-office trade finance system designed for global, regional and local banks with high volumes of trade finance 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. With unlimited scalability, IMEX supports issued and received letters of credit (L/Cs), standbys, clean and documentary collections, clean payments, guarantees, reimbursements, syndications and participations. Available on UNIX and mainframe platforms, IMEX seamlessly interfaces to allNETT®, Surecomp’s multi-customer bank front-end trade finance system.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe, with over 3,900 branches. In Romania, UniCredit Tiriac Bank is one of the leading financial institutions, a truly universal commercial bank, providing high quality products for all categories of clients. The bank is committed to generating value for its customers, consistently striving to be easy to deal with and being dedicated to the development of the communities in which it operates.
In Romania, the Group offers a wide range of specialized products and services through UniCredit Tiriac Bank, UniCredit Leasing Corporation, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Financing (UCFin) and UniCredit Business Integrated Solutions (UBIS).
For additional information, visit www.unicredit-tiriac.ro.
UniCredit is a leading European commercial bank with strong roots in 20 countries. The Groups overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees.
In the CEE Region, UniCredit operates the largest and most diversified international banking network with more than 3,600 branches.
The Group has banking operations in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. For additional information, visit www.unicreditgroup.eu.
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. For additional information: firstname.lastname@example.org.