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ZAO UniCredit Bank to implement Surecomp’s IMEX trade finance system

Russia based universal lender ZAO UniCredit Bank is set to employ Surecomp’s IMEX trade finance system, to automatize its trade finance back-end process.

ZAO UniCredit Bank global transactions banking department head Julia Petrova said, "IMEX met all our expectations, giving us a secure platform on which to consolidate and expand our trade finance activities."

IMEX is a trade finance system, which has been developed to support global, regional and local banks with high volumes of trade finance activity.

The system manages issued and received letters of credit (L/Cs), standbys, clean and documentary collections, clean payments, guarantees and reimbursements, in addition to syndications and participations.

It is available on mainframe and UNIX platforms and interfaces with all NETT, which is Surecomp’s multi-customer, bank front-end trade finance system.

Headquartered in Moscow, ZAO UniCredit Bank is fully owned by UniCredit Bank Austriaand has been operating in the country since 1989.

Founded in 1987, Surecomp delivers trade systems to banks and corporations to streamline their transaction lifecycle, in more than 80 nations globally.