Surecomp, a provider of trade finance solutions for the wholesale banking industry, has announced that FirstMerit Bank of Akron, Ohio, has licensed Surecomp’s integrated front-to-back office trade finance solution.

FirstMerit, which traces its history back to 1845, is one of the top 60 banks in the US, backed by US$10.5bn in assets. The bank has selected NetIMEX, Surecomp’s internet-based trade services solution, designed for use by the bank’s corporate and commercial customers, and IBSnet, Surecomp’s Swift Ready Gold accredited, back office trade finance product.

FirstMerit joins an increasing number of banks, both in the US and in Europe that have, after a thorough evaluation, opted for the NetIMEX / IBSnet trade finance solution.

FirstMerit serves more than 500,000 customers through 157 offices throughout Northeastern Ohio and Western Pennsylvania. The Bank holds a 25% share of the regions fast-growing small and mid-sized business market. FirstMerit’s commitment to the business community is evident in the exceptional levels of service that their wide range of business customers enjoys.