Surecomp has been named the winner of the fourth annual Financial-i Leaders in Innovation Award for trade finance. With receipt of this award in both 2009 and 2008, Surecomp has earned the prestigious accolade for two consecutive years.

According to Financial-i magazine ( www.financial-i.com), a leading London-based magazine for the wholesale financial services industry, the Leaders in Innovation Awards identify global financial software/hardware vendors and transaction banks that demonstrate an ongoing commitment to innovation.

Financial-i’s advisory panel – comprising analysts, consultants and market practitioners – considered a range of criteria including innovations in global transaction banking business solutions over the last 12 months, upgrades to existing solutions, functionality enhancements, depth and breadth of functionality, customer service segments, the ease in which customers can implement and interface with solutions, and how solutions help companies solve common business issues.

Having won gold for two successive years in 2007 and 2008, Surecomp received a silver medal for the 2009 Best Technology Solutions Provider award from the acclaimed UK-based Trade & Forfaiting Review magazine (www.tfreview.com). Conducted annually, the award covers more than 30 categories.

Many of Surecomp’s clients were category winners, including Deutsche Bank, Credit Suisse, Standard Chartered Bank, ABSA, and Nordea.

Financial-i magazine (www.financial-i.com) named Surecomp the winner of its Leaders in Innovation Award in the Trade Finance category. Covering more than 50 categories in global transaction banking, the annual awards are now in their third year.

Companies were initially short-listed based on research conducted by Financial-i’s team of journalists. Criteria included: innovations in global transaction banking business solutions over the last 12 months; upgrades made to existing solutions; functionality enhancements; depth and breadth of functionality; customer service segments; the ease with which customers can implement and interface with solutions; and how solutions help companies solve common business issues such as capturing real-time transaction information, reducing market data latency, combating money laundering or implementing an enterprise data management framework.

The short list was then presented to an advisory panel comprising analysts, consultants and market practitioners. Winners in each category were then chosen based on feedback from the panel.

Deutsche Bank, a long-time Surecomp customer, has been presented with a string of awards in Euromoney magazine’s (www.euromoney.com) Awards for Excellence 2008. Most impressively, Deutsche Bank was named Best Global Foreign Exchange House, as well as Best Risk Management House. In announcing the annual awards, Euromoney noted that Deutsche Bank continued to lead the way in the foreign exchange market, providing clients with a “consistency of service delivery throughout the year.”

Nordea, another Surecomp customer, also received recognition in Euromoney magazine’s Awards for Excellence 2008. Nordea was named Best Regional Bank in the Nordic and Baltic regions, and Best Bank in Finland for the second year in a row.

Last but not least, Standard Chartered Bank, another long-standing Surecomp customer, was named Best Private Bank (global award), Best Foreign Exchange Bank in Africa, and Best Cash Management Bank in the Middle East.

Two Surecomp customers – China Construction Bank and Bank of Ayudhya in Thailand – have been cited for their corporate trade finance offerings.

China Construction Bank, a dominant player in the Chinese banking industry, has won several 2008 awards from the highly-regarded Global Finance magazine (www.gfmag.com), including Best Personal Banking, Best Mortgage Loan Banking, and Best Trade Finance Bank in China.

Bank of Ayudhya, widely considered Thailand’s most progressive bank, has been chosen as the Best Local Trade Bank in Thailand by UK-based Trade Finance magazine (www.tradefinancemagazine.com) for the second consecutive year.