UniCredit Tiriac Bank deploys Surecomps IMEX trade finance solution in Romania

Tuesday 5 November 2013 10:39 CET | News

US provider of global trade solutions for banks and corporations Surecomp has unveiled that financial services provider 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 financial institutions within the UniCredit Group that have previously deployed IMEX. In this implementation, Bank Pekao is hosting UniCredit Tiriac Bank’s infrastructure in Warsaw. Bank Pekao is a long-time user of IMEX and allNETT, Surecomp’s web-based trade finance front end.

UniCredit Tiriac Bank has opted to install its IMEX service in Warsaw as part of a Multi-Entity IMEX deployment at Bank Pekao.

IMEX is a back-office trade finance system designed for banks with high volumes of trade finance activity. Serving as a real-time processing and decision-support system, IMEX supports issued and received letters of credit (L/Cs), standbys, clean and documentary collections, clean payments, guarantees, reimbursements, syndications and participations.

Surecomp is a provider of global trade solutions for banks and corporations. Whose products and services portfolio includes trade finance, supply chain finance and treasury confirmation matching solutions.

UniCredit Tiriac Bank is part of the UniCredit Group network, a banking group in Central and Eastern Europe, with around 3,900 branches. In Romania, the Group provides a number of 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).

In recent news, UniCredit Tiriac Bank has launched a mobile banking application for its customers.

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Keywords: UniCredit Tiriac Bank, Surecomp, Bank Pekao, IMEX, trade finance solution, allNETT, Multi-Entity IMEX, Warsaw, Romania
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech