MCB to adopt MITECH's TRAC system

Tuesday 8 June 2021 13:30 CET | News

The Mauritius Commercial Bank (MCB) has announced adopting MITECH’s system TRAC (Trade Risk Active Control) to help its Commodity Trade Finance (CTF) business. 

TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles Transactional Commodity Finance and Borrowing Base structures as well.

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of 2021.

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Keywords: cloud, partnership, digitalisation, risk management
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Mauritius
This article is part of category

Securing Transactions