Surecomp, a provider of trade finance solutions, has announced a partnership with Commerzbank AG, Germany’s leading trade finance bank.
The partnership between Surecomp and Commerzbank AG aims to enhance trade finance operations through the deployment of Surecomp’s DOKA-NG™ solution.
Commerzbank AG sees modern technological infrastructure as crucial for maintaining its leading market position in trade finance and tailoring offerings to customer needs. Surecomp’s expertise and commitment make it a reliable partner for Commerzbank AG’s long-term strategy in facilitating global trade finance for German corporate clients.
Surecomp’s DOKA-NG™ solution will be hosted in Commerzbank AG’s private cloud environment, enhancing back-office processing of letters of credit, guarantees, and other trade finance instruments.
This strategic move aligns with the German bank’s future growth strategy and demonstrates its commitment to driving efficiency and customer-centric trade finance solutions.
Jörg Motel, Global Head of Product Management Trade Finance at Commerzbank, stated, “A new, modern technological infrastructure is the foundation to securing our leading market position in trade finance and enables us to tailor our offerings even more to our customer’s needs. It fits into the long-term strategy of Commerzbank and shows our clear commitment to facilitating global trade finance for our German corporate clients. As a reliable partner for many years with a great depth of knowledge of the German market, we have chosen Surecomp for this important journey.”
Yaron Hupert, Surecomp’s SVP of Account Management, added, “We are extremely pleased that Commerzbank is relying on Surecomp as a long-term partner to build its next generation trade finance platform. Our teams are fully committed and ready to deliver the most advanced trade finance platform in the industry. Commerzbank’s decision to choose Surecomp reinforces our leading position in the market and our specialist trade finance expertise; I am confident we will bring great value to the bank and its customers for many years to come.”
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