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Natexis Banques Populaires licenses Surecomp's IMEX Trade Finance Solution

Surecomp announced today that Natexis Banques Populaires, one of the leading three banks providing Trade Finance services in France, has licensed Surecomp's IMEX Trade Finance solution for Asia.

The licensing of IMEX is one of the elements in Natexis Banques Populaires's modernization plan to complete their trade finance services. IMEX is currently being implemented in Natexis Banques Populaires's Singapore Branch, to be followed by implementation in Hong Kong. The selection of IMEX by Natexis Banques Populaires followed a very intensive and highly professional evaluation process in which the functionality and technology of IMEX were analyzed and compared to other solutions in the market. Consideration was also given to the goods tracking functionalities of IMEX, the ability of Surecomp to provide front-end solutions and to the quality list of banks that are satisfied IMEX Trade Finance System users.

Additionally, the Natexis Banques Populaires evaluation teams were motivated by the professionalism and the capacity of adaptation shown by all members of Surecomp.

Commenting on the selection of IMEX by Natexis Banques Populaires, Matti Shem-Tov, Surecomp's President, said, "We are naturally delighted and very proud to be the preferred choice of Natexis Banques Populaires, and firmly believe that the bank's selection of Surecomp illustrates our pledge to offer the very best of trade finance solutions."

Natexis Banques Populaires, formed in July 1999 through the merger of Caisse
Centrale des Banques Populaires and Natexis S.A., and employing a staff in excess of 7,800, is one of France's leading financial groups and ranked amongst the world's top 100 banks.

Natexis Banques Populaires prides itself on its leading position in providing products and services to medium and large corporations while combining a diversified wholesale customer base with a significant market share in many areas of banking and technology.

Surecomp 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 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.