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Banco Internacional in Ecuador deploys Surecomp’s cloud-based Trade Finance as-a-Service

Surecomp, a leading provider of global trade finance and financial solutions for banks and businesses, today announced that Banco Internacional has chosen to enhance its end-to-end trade finance process with the introduction of Surecomp (TFaaS). Announced.

Ecuador’s fifth-largest bank in a move to recreate the entire bank’s move to the cloud has minimized friction, is API-enabled, and looks to the future for future industry changes, including SWIFT Decided to embark on a transformation of the trade finance process. SR2021 Messaging standard migration.

Trade Finance as-a-Service (TFaaS) is a cost-effective, scalable and comprehensive digital experience that supports your entire portfolio of products. This allows customers to apply, track, finance, and collaborate throughout the transaction processing lifecycle of trade finance. Easy onboarding and highly configurable, minimizing reliance on internal IT infrastructure and reducing cost of ownership.

“The decision to upgrade the trade finance process integrates it tightly with the overall cloud-first strategy,” explains Luis Orbe, vice president of trade finance at Banco Internacional. “This change will help strengthen our continued position as a major domestic trade finance provider.”

“It’s great to see Banco Internacional make this transition,” said Yaron Hupert, Senior Vice President of Account Management at Surecomp. “Companies have been cloud-enabled for some time, but banks have been slow to open. But now regulators are supporting the shift and IT departments are welcoming the release from expensive, labor-intensive upgrades. More and more customers are ready to move to the cloud to support their trust. ”

Banco Internacional in Ecuador deploys Surecomp’s cloud-based Trade Finance as-a-Service

Source link Banco Internacional in Ecuador deploys Surecomp’s cloud-based Trade Finance as-a-Service

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