Major Paraguayan Bank Licenses Surecomp’s Java End-to-End Trade Finance Solution

Published 

Santiago, Chile – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, today announced that a major Paraguayan bank has licensed Surecomp’s Java-based end-to-end trade finance solution. Based on the agreement, the bank will deploy allTRA®, Surecomp’s flexi-scale back-office trade finance system, and allNETT®, the vendor’s Web-based multi-customer trade finance front end.

One of the largest banks in Paraguay and a leader in its corporate banking market, the bank is a subsidiary of one of the largest financial enterprises in Latin America and one of the world’s largest banks.

The bank’s front-to-back trade finance system comprises Surecomp’s Java-based allNETT and allTRA solutions. allNETT is a bank/corporate front-end system for both initiating trade finance transactions and extracting wide-ranging inquiries and reports. allTRA is a powerful bank back-office system that enables highly-automated processing of various trade finance transactions including commercial and standby letters of credit (L/Cs), industrial revenue bonds (IRBs), guarantees, collections, fund transfers, reimbursements and clean payments. The state-of-the-art Surecomp solution will enable the bank to fully automate its handling of trade finance transactions, leading to increased business volume and enhanced customer satisfaction.

“Paraguay has achieved impressive economic growth in recent years, growing well above global averages. We are gratified that the Paraguayan bank – after a thorough evaluation of leading trade finance solutions – has turned to Surecomp to help it meet expanding demand for trade finance services from its corporate customers,” said Joel Koschitzky, Surecomp Chairman. “This bank joins a long and growing list of Latin American trade finance banks that appreciate Surecomp’s strong development capabilities and customer service in the region.”

Most recent episodes

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.

33:38

Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.

13:07

Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

06:34

Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...

15:27

Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...

12:28

Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.

13:26

Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.

30:31

Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 

18:27

Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments.

11:41