Komercni Banka, a Prague-based bank belonging to the Société Générale Group, has commenced production with allNETT, Surecomp’s Java J2EE corporate trade finance front-end solution. Seamlessly interfacing with the bank’s back office trade finance system IBSnet, previously implemented by Surecomp, allNETT has completed the creation of an automated, end-to-end trade finance solution for the Bank.
Facing an increasingly important and broader role in the Czech Republic, the challenge facing Komercni Banka was how to enhance its trade finance services and provide an integrated system. Comprised of Surecomp’s allNETT and IBSnet, the first version of which the bank initially implemented in 1992 and subsequently upgraded, the automated trade finance solution offers the advantages of rapid implementation and a quick learning curve.
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