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News

State Bank of India (California) deploys Surecomp to support trade finance growth

Wednesday 3 February 2021 12:07 CET | News

Surecomp, the global provider of global trade finance solutions for banks and corporates, has announced that the State Bank of India (California) (SBIC), has selected and gone live with its back-office trade finance processing automation solution DOKA-NG.  

With trade finance operations spanning seven branches across California, SBIC will be using DOKA-NG to process letters of credit (LCs), standby LCs and documentary collections for enhanced customer experience, optimised back-office operational efficiencies and reduced costs. 

The project - which was delivered and will be supported by Surecomp’s US-based team in Hoboken, NJ - is part of the broader State Bank of India’s mission to become one of the world’s top ten digital banks, with trade finance being one of the main focal points of the transformation. 


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Keywords: State Bank of India, Surecomp, trade finance
Categories: Banking & Fintech
Companies:
Countries: Canada
This article is part of category

Banking & Fintech

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