Surecomp, a leading provider of global trade solutions for the financial services community, says its NetIMEX TransAP Module has been successfully deployed at Bank BPH, the third largest Polish bank.

Leveraging the powerful transaction-approval functionality of NetIMEX – Surecomp’s SOA-compliant trade finance customer front-end solution – Bank BPH is streamlining the back office processing of online applications from the bank’s trade finance customers, and protecting its trade finance processing centres from unwanted third-party intrusion.

The NetIMEX TransAP Module serves as a fast track credit approval tool. Bank officers are able to efficiently communicate with customers, monitor, approve or reject their applications, and receive request updates – all prior to routing the applications and requests to the bank’s back office for processing.

This critical intermediate review process allows the bank’s TransAP users, typically experienced trade finance professionals, to quickly and efficiently make credit-rating decisions. As a result, banks can greatly reduce their operational risk exposure and overall cost per transaction.

“We are already seeing a return on our investment in the TransAP Module. Enhanced business monitoring not only leaves us less exposed to operational risk, but also empowers improved workflow control, which has resulted in accelerated processing of customer requests,” says Dariusz Nalepa, managing director of transaction banking, Bank BPH. “Additionally, although we have sophisticated firewalls in place, the addition of TransAP adds another layer to our protective armour.”

The TransAP transaction-approval module integrates seamlessly with NetIMEX at the front end and the bank’s Surecomp or third-party trade finance system at the back office.

This end-to-end integration ensures the continuous processing of trade finance documents and the maintenance of operational services and standards. TransAP can also be extended to support communications between the customer front end and other systems such as SWIFT TSU and an XML generator. Such integration also opens up new trade finance workflow opportunities, especially for those banks working with agencies, offering white-label services, or implementing distributed trade finance processing.

“We at Surecomp are proud of our ability to recognize and address our customer’s requirements,” comments Yuval Karp, Surecomp COO, trade finance solutions. “The development of TransAP grew from our understanding that banks desire additional tools to lower their operational risk exposure, control costs, and drive up their level of customer service.”