Banco de Chile, one of the country’s largest banks, has licensed Surecomp’s Java-based end-to-end trade finance solution. Based on the agreement, Banco de Chile will deploy allTRA, Surecomp’s Java J2EE trade finance back-office system, and allNETT, the vendor’s Java J2EE web-based trade finance front end. The licensing of Surecomp’s Java-based suit of trade finance solutions will enable the Bank to maintain its leading position within the Chilean banking community.
“Banco de Chile’s mission has always been to provide exceptional service using innovative solutions. An important part of achieving this goal involved selecting a trade finance system that was both flexible and comprehensive in its range,” said Patricio Melo, head of operations and technology at Banco de Chile. “After we started analysing the available products, it became clear that Surecomp’s system complied with expectations and was the better choice for all our needs.”
“We view the licensing of allNETT and allTRA as mission-critical tools that will enable the bank to support long-term sustainable trade finance market growth,” said Jorge Venthur, head of foreign trade at Banco de Chile. “To meet the bank’s aspirations we have supplemented our own in-depth knowledge of trade finance with the knowledge-base of Surecomp.”
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