Nordea has implemented Surecomp’s trade finance solution suite for its worldwide operations. The Swedish-based bank will utilise Surecomp’s trade finance back office platform, All Nett, its web-based front end and its supply chain finance solution, SCF Pro. It plans to roll the systems out in 14 countries in a two-stage process.
Masood Arai, vice-president of trade finance at the bank, explains: “We were determined to conduct an unbiased and in-depth review of all suitable back office and front-end systems. Understanding how rapidly the trade finance market has changed in recent years, it was important for us to maintain relevance and leverage the latest innovations currently available.”
“We now have a secure cutting-edge platform on which to consolidate and expand our trade finance activities – enabling better support and reach for our customers.”