News

Surecomp supports DNB with SWIFT readiness ahead of new 2021 deadline

Wednesday 20 May 2020 07:58 CET | News

Surecomp has announced that Norwegian bank DNB is ready to be switched on with SWIFT- compliant versions of both its front and back-end solutions, IMEX and allNETT.

The rigorous SWIFT changes which are now due to take effect in November 2021 - feature changes to standby letters of credit and guarantee messaging. Surecomp is encouraging banks not to procrastinate and is further poised to deliver compliance readiness for all its customers across the globe.

Surecomp is a provider of global trade finance solutions for banks and corporates, has customers in over eighty countries, and has a global network of seven offices in Toronto, New York, London, Hamburg, Tel Aviv, Buenos Aires, Santiago, and Singapore.

The Norwegian bank - one of the first banks globally to be ready in switch-off mode - now has the advantage of being able to allocate funds, time and resources to other value generating initiatives safe in the knowledge that it is prepared to go live when needed, according to the official press release.

Despite the deadline of the guarantee messaging standard moving back to 2021, DNB’s proactive approach is exemplified by dozens of other customers who have also been successfully tested and are ready to go live.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Surecomp, banking, DNB, SWIFT, trade finance, letter of credit, Norway, corporates
Categories: Banking & Fintech | Payments General
Countries: Norway
This article is part of category

Banking & Fintech