Surecomp, a provider of trade finance solutions for the banking and financial market, has announced that Bangkok-headquartered Bank of Ayudhya has licensed Surecomp’s fully comprehensive STP end-to-end trade finance solution to automate its trade service operations.
Bank of Ayudhya has grown to become Thailand’s sixth largest banking and financial group with a paid-up capital in access of US$750mn and regularly features amongst the top 500 banks worldwide.
The licensing of Surecomp’s fully comprehensive STP end-to-end trade finance solution will ensure that Bank of Ayudhya continues to set the standard for other banks in the rapidly maturing Thai banking market, claims a Surecomp spokesman.