Leading trade services solutions vendor, China Systems, has signed British Arab Commercial Bank (BACB), one of China Systems’ longest running customers, for use of its SOA-compliant, J2EE-based corporate portal trade finance solution Customer Enterprise.
Customer Enterprise is an established global standard installed by many international banks to meet their corporate portal/internet processing requirements. It combines a rapid application development toolkit with a flexible base business model, providing support for open account, supply chain finance, factoring and payments operations, aside from covering the full range of traditional import and export trade services.
BACB already uses CS Eximbills for back-office trade finance processing and Customer Enterprise will be seamlessly integrated with the bank’s existing platform, providing the bank with a highly competitive solution that is compliant with all the latest developments in the trade services area.
Angus Sutherland, regional sales director for China Systems in Europe, comments: “We are delighted to strengthen our position with one of our oldest and most valued clients. BACB and China Systems have enjoyed a true ‘partnership’ approach over many years and we look forward to delivering a highly flexible solution to their unique market requirements. China Systems enjoys a loyal customer base and nothing exemplifies this more than our relationship with BACB.”
Established in London in June 1972, BACB is a wholesale bank and a leading provider of trade and project finance for Arab and African markets.
Based in the City of London, the bank’s largest single shareholder is HSBC Bank Middle East, a principal member of the HSBC Group. BACB’s other shareholders comprise central and state-owned commercial banks from the Arab world.
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