2 days ago
Monex goes live on Surecomp trade finance software
Surecomp today announced that leading Mexican financial institution MONEX is successfully in production with its front-to-back cloud-based trade finance solution.
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This full-scale deployment - now live for over 18 months - has equipped MONEX with enhanced operational efficiency, increased customer engagement and the agility to scale its trade finance business. The collaboration marks a significant milestone in MONEX's digital transformation journey and is helping drive strategic business expansion.
A valued Surecomp customer for over 15 years, MONEX has transitioned from a legacy back-office system to Surecomp's flagship solution DOKA-NG™ for internal trade finance processing. This is complemented by seamless integration with its front-end customer portal allNETT™.
The decision was prompted by MONEX's ambition to remain competitive in a rapidly evolving trade landscape, which increasingly demands speed, transparency and digital interoperability. As Mexico strengthens its position as a manufacturing hub, affordable trade finance could unlock billions of dollars and over 7% growth in annual exports according to a recent report by the International Finance Corporation (IFC) and World Trade Organization (WTO). By leveraging Surecomp's modern, cloud-native solution offering, MONEX is better positioned to help bridge this gap and meet the needs of SMEs and other corporates seeking comprehensive trade finance services.
'Partnering with Surecomp has not only fueled growth in traditional trade finance over the past year, but has provided a solid foundation for us to enter into new market segments,' explains Karla Hernandez, Vice President of Trade Finance at MONEX and Chair of the Mexican FCI, a global factoring association. 'As our business expands into the factoring and supply chain finance arena, we needed a robust, future-ready platform. Surecomp is empowering us to provide a seamless, customer-centric experience while streamlining internal operations and ensuring regulatory compliance. The result is a modernized digital infrastructure that accelerates transaction processing, reduces manual intervention, and delivers an improved customer experience.'
'We are delighted to support MONEX in its continued growth and innovation,' said Matias Hutín, Surecomp's Commercial Head for Latin and North America. 'Its commitment to delivering customer value through technology reflects the broader industry shift towards digital transformation, and we're proud to be a partner on this journey.'
