Surecomp, a global provider of multi-level trade finance systems for the financial services community recently announced that its comprehensive Java J2EE front-to-back solution is SWIFT TSU compliant.
Created by SWIFT as part of an initiative driven by many of the worlds foremost trade finance banks, the TSU [Trade Services Utility] is designed to help banks retain their leading edge in the finance industry as the move from Letter of Credit (LC) basis to open account transactions increases. The introduction and take-up of the TSU allows banks to become more proactive in the early stages of a transaction cycle and exploit the various cross-selling opportunities presented.
Surecomp’s Java J2EE solution comprising of bank corporate front-office initiation and tracking, middle-office verification and bank back-office processing also allows for the seamless interfacing of an all-encompassing supply chain solutions solution.
“Widely recognized as a market leader in the development and licensing of trade finance solutions, Surecomp is excited to be able to extend our two decades of industry knowledge and expertise by way of our continued involvement with SWIFT” said Joel Koschitzky, Surecomp’s Chairman and CEO.
About Surecomp’s suite of automated trade finance banking solutions
Surecomp delivers an integrated end-to-end trade finance solution comprised of best-of-class front-end and back-office systems. Surecomp offers several back-office trade finance systems, each targeted for different levels of usage, geographical location and IT infrastructure. Regardless of location, size, geographical spread of operations, or transaction volume, Surecomp has a seamless automated trade finance solution that meets and surpasses requirements.
Surecomp (www.surecomp.com) is a leading provider of global trade solutions for the financial services community. A market pioneer with a two-decade proven track record for delivering innovative solutions to major banks and financial services providers worldwide, Surecomp’s global network of regional offices and state-of-the-art development centers successfully supports hundreds of installations in more than 60 countries. Surecomp’s integrated portfolio of trade finance, supply chain solutions, and reconciliation solutions streamlines the transaction lifecycle to minimize costs and maximize profits.
For additional information visit the Surecomp web site at www.surecomp.com