Toronto, Canada, 22 September 2021 – Surecomp® today announced the expansion of its Trade Finance-as-a-Service (TFaaS) offering to enable smaller and mid-sized banks to improve their trade finance processing efficiencies and customer service.
Committed to helping drive post-pandemic economic recovery and anticipated global trade finance growth, Surecomp’s new service offering allows banks to benefit from DOKA-NG™ – its market-leading back-office trade finance solution – via a cloud-based SaaS deployment.
Following the successful introduction of Surecomp’s Trade Finance-as-a-Service (TFaaS) solution in 2020, this service expansion reinforces Surecomp’s mission to digitize the trade finance domain and facilitate a more efficient and customer-centric trade finance operation for every bank.
Within 10 weeks from project initiation, resource constrained banks can be live with a state-of-the-art solution to automate the processing of Letters of Credit and Guarantees for a subscription fee starting from just $50k USD per year.
“By committing to deliver our powerful, cloud-based trade finance solution in such a short timeframe, we are helping drive growth of not just our banking customers, but of their extended customer network who will benefit from importing and exporting goods faster than ever before,” explains Enno-Burghard Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development. “While quick and easy to on-board, we are also offering the ability to scale as transaction volumes grow and future needs evolve.”
Surecomp is aligned with the International Chamber of Commerce’s (ICC) Trade Now initiative, which aims to empower small and medium-sized enterprises (SMEs) by helping them leverage digital tools to access trade finance products and help unlock the liquidity needed to bridge the trade finance gap.