Surecomp, a leading provider of trade finance, factoring, cash letters and reconciliation solutions for the banking and financial market, has announced that Santiago, Chile-based HNS Banco is live with a Surecomp trade finance solution.

The licensing of the Surecomp trade finance solution in April 2005 formed part of the natural expansion of HNS’s product and services portfolio, which already included current accounts, investment options, international factoring and leasing. With the implementation of the Surecomp solution, HNS Banco now offers letters of credits, collections and trade finance loans to its customers.

The implementation at HNS Banco was speared headed by Surecomp’s local Santiago-based support team.

Announcing that the bank had gone live in record time Surecomp vice-president, business development, Vladimir Ramirez added: “Surecomp has long been acknowledged as a leading provider of enterprise applications for the trade services industry. Working closely with HNS has allowed us to assist them in the creation of a trade finance environment that excels in low operating costs and higher profit margins for the bank as well as other players in the extended value chain.”