Bank of Cyprus Licenses Surecomp’s allNETT® and IMEX® for Both Back and Front-End Trade Finance Operations

Banking
24.08.2017 08:00 am

Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today the successful implementation of two products, allNETT® and IMEX®, with the Bank of Cyprus. Surecomp’s front office allNETT solution and back office IMEX solution will together provide the Bank of Cyprus seamless, straight through processing of their trade finance operations.

Established in 1899 and headquartered in Nicosia, the Bank of Cyprus is the number one ranked bank in the country. “We have had a strong business relationship with Surecomp for nearly twenty years. Adding allNETT to our suite of trade-finance solutions will strengthen our commitment to provide quality services to our corporate clients” said Andreas Stylianou, Manager Organization & Change Department at the Bank of Cyprus.

The successful implementation of allNETT and IMEX has provided the Bank of Cyprus with next generation, back-end and front-end trade finance solutions. With modernized dashboards and processing features, allNETT and IMEX have developed reputations as the industry standards for their respective fields. Their platforms were designed to deliver increased efficiency for users through automation which saves time and eradicates human error. allNETT offers a vehicle for hassle-free, paperless and immediate correspondence between banks; IMEX is an internet-based back-office trade finance solution. Together, they provide a fully integrated end-to-end trade services solution with outstanding straight-through processing capabilities.

“We congratulate the Bank of Cyprus on its decision to continue driving its trade finance services with the most advanced version of allNETT. Leveraging our long-running partnership and best-in-class solutions, the Bank has created a highly effective and integrated front-to-back trade finance platform,” said Eyal Hareuveny, Surecomp President. “As the trade finance market leader, Surecomp will continue to invest heavily in product development to help our banking and corporate customers remain at the industry forefront.”

“We thank the Bank of Cyprus for its trust in Surecomp,” said Yaron Hupert, Surecomp’s Senior Vice President responsible for global account management. “The partnership with Bank of Cyprus is very important to Surecomp. We will strive to provide the Bank with industry-leading services and solutions well into the future.”