Surecomp today announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, is live with its DOKA solution to drive streamlined back-office trade finance processing automation.
The solution, which has replaced the bank’s previous trade finance application, is hosted in Jakarta and has been fully deployed and supported by Surecomp’s local teams in Asia. Through seamless integration with the bank’s other trade related systems for limits and position management, sanction screening, SWIFT connection, collateral management and core banking, BTPN will now be able to deliver a more efficient customer service supported by expedited internal processing of its growing trade finance transactions in the form of Letters of Credit (LCs), documentary collections as well as trade loans.
“Following a very comprehensive selection process involving an RFP, workshops, multiple virtual meetings during the pandemic, I am delighted to be in production with DOKA and to be embarking on this partnership with Surecomp,” explains Intan Wijaya, Head of Transaction Banking and Supply Chain at Bank BTPN. “The team demonstrated robust functionality, a deep understanding of our needs and built a trust upon which we can future-proof our trade finance business.”
“We are delighted that BTPN has chosen to partner with us on its trade finance digitisation journey,” states Yaron Hupert, Surecomp’s SVP of Account Management. “Joining a stronghold of other home-grown Asian banks in Singapore, China, Hong Kong, Vietnam and the Philippines, we are looking forward to a long and prosperous relationship with BTPN and are whole-heartedly committed to ensuring their success and further strengthening our partnership.”