Latest news with #Surecomp
Finextra
11-06-2025
- Business
- Finextra
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. 0 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.'
Finextra
03-06-2025
- Business
- Finextra
Rand Merchant Bank signs with Surecomp
Surecomp today announced that Rand Merchant Bank (RMB), has selected its award-winning Trade Finance-as-a-Service (TFaaS) solution to drive seamless digital trade finance operations and international expansion. 0 With an initial rollout in South Africa, the cloud-based solution will be extended to other markets as RMB strengthens its presence across key global markets. Surecomp's TFaaS will ensure straight-through processing (STP) automation and seamless trade finance communication between RMB and its clients, enabling faster processing times and enhanced operational oversight. The solution's cloud-native architecture ensures resilience, security and future-proof scalability. 'An API-first technology architecture is critical to our modernization journey, to support interoperability, scalability and flexibility in our system design, and accelerate innovation and time to market. This approach supports an omnichannel experience where clients and the broader trade finance ecosystem can interact with banking services in various ways,' said Gavin Moss, Chief Information Officer - Treasury and Trade Solutions at RMB. The adoption of TFaaS represents a strategic shift for RMB, enabling streamlined trade finance operations with reduced capital expenditure and cost of ownership through a fully SaaS-based model. The move to the cloud ensures certainty of costs while offering the infrastructure to support future transaction growth and volume increases. Additionally, the solution ensures regulatory compliance, including adherence to SWIFT messaging standards, minimizing operational risk while enhancing transaction transparency and efficiency. "As we continue to expand our international trade finance footprint, it is imperative that we leverage best-in-class technology to ensure efficiency, compliance, and superior client service," said Louis du Plessis, Executive Head - Trade and Working Capital at RMB. "Surecomp's TFaaS solution provides the automation, integration and cost predictability we need to meet our growth ambitions while seamlessly supporting our clients' evolving trade finance requirements." "We are proud to partner with RMB in its digital trade finance transformation journey," said Tal Weiser, Chief Revenue Officer at Surecomp. "By choosing TFaaS, RMB is embracing a cloud-first approach to trade finance, benefiting from straight-through processing, lower operational costs, and a scalable solution that aligns with their long-term strategic growth objectives."
