Banco Monex, a member of Monex Grupo Financiero, has licensed allTRA, Surecomp’s Java J2EE trade finance solution. With advanced straight-through processing (STP) capabilities, allTRA V2.0 is a state-of-the-art bank back-office system.
Already offering an extensive range of letter of credit (LC) and documentary collection instruments, Banco Monex has licensed allTRA to automate and upgrade the bank’s trade services. Banco Monex will use allTRA to improve customer service, enhance efficiency, reduce processing charges and maintenance costs, and serve as a catalyst in the bank’s drive for greater market share.
“Our vision is to be an internationally recognised banking group acknowledged for its quality, prestige and profitability, as well as for providing specialised financial products and services to specific market segments in an innovative fashion,” said Carlos Gonzalez, executive director – banking products, Banco Monex. “We view the licensing of allTRA as a partnership between the Bank and Surecomp,demonstrating how a national bank can work closely together with a leading global software vendor to achieve the bank’s objectives.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.