BCV live with IMEX

June 2, 2005 – Surecomp, a leading provider of trade finance solutions for the wholesale banking industry is pleased to announce that Banque Cantonale Vaudoise (BCV), Switzerland's 4th largest bank is in full production with IMEX, Surecomp’s SWIFT Ready Gold and Bolero accredited flagship trade finance solution.

Lausanne headquartered Banque Cantonale Vaudoise, one of the top three commodity-trading banks in Switzerland, upgrading to the Thin Client version of IMEX in August 2004 having initially licensed IMEX in November 1996.

In a related move to ensure their continued leading position within the trade finance market, the Bank in September 2004 licensed NetIMEX, Surecomp's Internet-based, bolero.net enabled Java Trade Finance front-end solution. The combination of NetIMEX and IMEX gives BCV and its customers a seamless customer front-end to bank back-office trade finance system.

In announcing that BCV were live with IMEX, Cyrille Hari, Banque Cantonale Vaudoise Assistant Vice President, Division Entreprises said, "Having made the decision to upgrade to IMEX and to additionally license NetIMEX, speed of implementation become the #1 priority. I have nothing but praise for the joint BCV / Surecomp team who completed implemented well inside the time frame and budget. The unique combination of NetIMEX and IMEX will allow BCV to continue the very best trade finance services to its customers while ensuring that the Bank’s bottom line targets are met and exceeded."

Surecomp Vice President, Customer Services Gadi Naor remarked "We are conscious that banks are continuously reviewing their knowledge about the wants and desires of customers, and respond with changes to services or additions to product offers – the combination of NetIMEX and IMEX is an excellent example of responding to customer requirements."

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