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Bank of Cyprus selects Surecomp's IMEX Trade Finance Solution

Bank of Cyprus selects Surecomp's IMEX Trade Finance Solution Surecomp announced today that Bank of Cyprus, Nicosia, has licensed Surecomp's IMEX Trade Finance solution.

Bank of Cyprus is the largest financial institution in Cyprus. Bank of Cyprus is among the top 150 European Banks and is one of the top 400 banks worldwide.
The licensing of IMEX is an integral part of the Bank of Cyprus plans to expand their trade finance operations in Cyprus. The bank plans to utilize the unique features of IMEX, including the state of the art Thin Client technology, the imaging capabilities and the Multi Entity ability to centralize their trade finance operations and offer standardized professional real time services to all their corporate clients.

At the signing ceremony in Nicosia earlier this month, Mr. Panayiotis Hadjicharalambous, Senior IT Manager at Bank of Cyprus, remarked "By implementing IMEX Thin Client we will achieve our stated goal of utilizing state of the art technology to provide world class service to our clients. With more than three hundred planned users of the IMEX system throughout all our branches, our requirement for implementing a thin-client solution was fundamental. The advanced functionality of IMEX offers us both flexibility, ease of use, superb management information capabilities and a tight control of costs. The multi-entity feature of IMEX will also offer us a seamless opportunity to expand our operations to our overseas offices in Greece and elsewhere."

Matti Shem-Tov, Surecomp's President, confirmed that Bank of Cyprus made their selection according to the most rigorous of procedures. "Bank of Cyprus operated with a level of integrity and professionalism seldom experienced in this marketplace. Their search for a combination of advanced technology, rich business functionality and a solid reference from existing clients makes us indeed proud to have been selected as their trade finance system vendor. We look forward to making Bank of Cyprus a showcase for Surecomp's trade finance solutions and to helping them maintain their competitive edge for many years to come".

Surecomp, an international Canadian-based company is a leader in software
solutions and services for the wholesale banking community. With a global
network of offices on all major continents, Surecomp delivers large-scale
solutions to its international clientele. Surecomp's impressive customer base is testimony to the company's long-term commitment to adapt within constantly evolving banking environments.