Surecomp, a leading provider of trade finance, cash letters, factoring and reconciliation solutions for the financial services industry, has announced that Peruvian-based BIF – Banco Interamericano de Finanzas has licensed its IBSnet and NetIMEX solutions ensuring the bank a comprehensive front-to-back trade finance solution.


BIF is one of the top five Peruvian trade finance banks.


In recent years the trade finance market has proved a successful growth area for BIF. To continue to provide customers with the best of trade finance services and to continue to grow the business BIF decided to implement a state of the art trade finance solution, states Surecomp.


Surecomp demonstrated among others that with its solutions BIF would:


  •  Have available a powerful tool to manage their customer’s import and export transactions through a single integrated system.
  •  Allow for new additional business opportunities by providing customers with a sophisticated internet front-end.
  •  Propel itself to the forefront of regional trade finance banking services.
  •  Increase transaction revenues through greater efficiency and the use of STP without expanding manpower.


Isabel Quevedo Ocampo, BIF international business manager, remarks: “The in-depth functionality provided by the IBSnet/NetIMEX combination will allow BIF to leap forward into a new era of trade finance banking. We have every confidence in Surecomp’s ability and products. We were particularly impressed with the robustness of their solutions, the strength of the Surecomp regional support team and Surecomp commitment to the region.”


Surecomp vice-president, business development, Vladimir Ramirez explains the vendors “approach to the bank’s trade finance system requirements: “Having carefully analysed BIF’s needs, particularly their desire to become a leader in the supply of trade services, we were able to successfully demonstrate the benefits of our robust front to back solution. BIF and its people are an impressive organisation. I am proud that BIF selected our solutions and we look forward to working with the bank.”