Asia’s DBS Bank has implemented IMEX, Surecomp’s trade finance solution, at its UK and Taiwan operations.
“We have achieved many firsts with the deployment of IMEX in the UK and Taiwan," says Ng Peng Khim, managing director of DBS's technology and operations (institutional banking and emerging markets).
“While it was DBS’s first trade finance venture outside of Asia, it certainly will not be our last. In 2010, we plan to roll out IMEX at our US and Gulf region operations, as well as in other Asian cities where we operate, thereby aligning our trade solutions across the region.”
Ng continues: “This is also the first time we've been able to standardise and streamline our trade finance processes, including providing automated intra-day and end-of-day cash flow management reporting for our businesses.”
The bank's proven track record with Surecomp has shortened DBS's time to market, says Wallace Chen, head of DBS's solution delivery management group. “Leveraging our experience with Surecomp has enabled us to bring new DBS location entities to production at record-breaking speed.”
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