Surecomp® today announced that UK-based Crown Agents Bank, the specialist provider of FX and cross-border payments for hard-to-reach markets, has selected its Trade Finance-as-a-Service (TFaaS) solution to deliver fully connected, end-to-end digitization of its trade finance operations.

Crown Agents Bank handles cross-border payments in 100+ currencies across 700+ currency pairs. By leveraging Surecomp’s TFaaS - powered by back-end solution DOKA-NG™ and front-end collaborative trade finance platform RIVO™ - Crown Agents Bank will streamline its entire trade finance process from origination to issuance and settlement. Real-time, API-driven counter-party communication will enable faster turnaround times, greater operational efficiency, enhanced customer experience and scalability to future-proof market demand.

Trade finance continues to be a an important part of Crown Agents Bank’s offering  particularly across high growth markets in Africa and the Middle East where international trade is closely intertwined with FX and payments flows. To further scale operations and enhance delivery for global clients, the bank chose to partner with Surecomp for its API-based architecture, extensive ecosystem connectivity and proven track record in enabling trade finance transformation.
 

Duarte Pedreira, Global Head of Trade and Working Capital at Crown Agents Bank, said: “Our focus is on creating prosperity throughout the regions we serve. As our trade finance business continues to grow, Surecomp will help us to support current and future customers with agility, speed and scale. We’re a bank with purpose and look forward to working with Surecomp to optimise our operations, so that we can drive inclusion and provide real economic impact in underserved markets.”

“We are thrilled to welcome Crown Agents Bank to our fast-growing community of trade finance trailblazers,” adds Tal Weiser, Surecomp’s Chief Revenue Officer. “Our SaaS trade finance offering TFaaS is specifically designed to help forward-thinking banks like CAB replace legacy, manual processes with agile, connected and customer-centric trade finance operations that are cost-effective, fast and easy to adopt and can scale with growth.”