Basingstoke, UK – November 27, 2012 – Surecomp, a leading provider of global trade solutions for banks and corporations, announced today that Moscow-headquartered ZAO UniCredit Bank has decided to implement Surecomp’s IMEX trade finance system. Understanding the need to compete in a rapidly changing and growing market, ZAO UniCredit Bank elected a proven automated system from a world-respected trade finance solution vendor. Thus, the Bank followed the UniCredit Group strategy, in order to automate the processing of Trade Finance transactions.
Diego Rampoldi, CIO of ZAO UniCredit Bank says: “Last year ZAO UniCredit Bank included the Trade Finance back-end system in its ICT Strategy, as part of a major transformation program aimed at substantially improving the bank automation level and now this program is being realized. The bank undertook a professional evaluation process, based on rigorous technical and functional proof-of-concept workshops. It was followed by a detailed gap analysis. At the end of the process, ZAO UniCredit Bank selected Surecomp as its vendor of choice and IMEX on UNIX as the target platform. Meeting a ZAO UniCredit Bank time-to-market requirement, the IMEX implementation project for 2 processing centers of the Bank (in Moscow and Saint-Petersburg) was launched simultaneously.”
Julia Petrova, Head of Global Transactions Banking Department of ZAO UniCredit Bank says: “ZAO UniCredit Bank conducted an in-depth review of all suitable back-office systems currently available on the market. IMEX met all our expectations, giving us a secure platform on which to consolidate and expand our trade finance activities. We are confident that the implementation of IMEX will generate a wealth of new business opportunities for ZAO UniCredit in the Russian trade finance market.”
“Surecomp welcomes the challenge and responsibility bestowed upon us by ZAO UniCredit Bank. This is our first client in Russia, and this new business relationship comes at a memorable time as we complete our first 25 years,” said Joel Koschitzky, Surecomp Chairman. “The rigorous evaluation of IMEX by the Bank in its search for a state-of-the-art trade finance solution was very impressive. We at Surecomp believe that this process will serve as the benchmark for the Russian market. More and more banks are challenged by their corporate clients to cut processing times and reduce operational fees– and IMEX helps them achieve these important objectives.”
About ZAO UniCredit Bank
ZAO UniCredit Bank is a universal Russian bank, operating in Russia since 1989. Ranked 8th by total assets based on H1/2012 results (Interfax-100 ranking), ZAO UniCredit Bank is the largest foreign bank in Russia. ZAO UniCredit Bank is fully owned (100%) by UniCredit Bank Austria AG, a member of UniCredit Group. The Bank benefits from its strong position in the large Russian corporate finance market and sustainable retail banking business. For additional information, visit http://www.unicreditbank.ru/eng
IMEX is the world’s leading trade finance system designed for global, regional and local banks with high volumes of trade finance activity. With unlimited scalability, IMEX supports issued and received letters of credit (L/Cs), standbys, clean and documentary collections, clean payments, guarantees and reimbursements, as well as syndications and participations. Available on mainframe and UNIX platforms, IMEX seamlessly interfaces with allNETT, Surecomp’s multi-customer bank front-end trade finance system.
Surecomp is a leading provider of global trade solutions for the financial services community. Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks and financial services providers worldwide. With a global network of regional offices and state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 70 countries. Surecomp’s integrated portfolio of trade finance, supply chain solutions and treasury confirmation matching solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.