Swedbank, known as FÃ¶reningsSparbanken in Sweden, is Swedenâs fourth largest banking group and ranked amongst the top 150 banks worldwide. Swedbank successfully implemented NetIMEX, Surecompâs Internet-based trade finance customer front end, last year.
Johan A. Engstrom, Swedbank Senior Vice President and Head of IT Strategy and Processes explains the thinking behind the Bankâs decision to license the latest version of IMEX. âSuccess in the trade finance business is simply survival of the fittest. A low cost base and a plan to aggressively drive down costs are key survival strategies. Being in the enviable position of offering our customers a paperless STP front-to-back trade finance solution is an integral just part of the equation. Swedbank will now be able to harness the intuitiveness, flexibility and rich functionally of IMEX V6.3.â
âThe relationship we have with our vendors is no-less important than that we have with our customers. Both are based on a partnership and confidence in the other. In Surecomp we have the professional partner to help us meet and beat our trade finance goalsâ concluded Johan A. Engstrom.
Yuval Karp, Surecompâs Chief Operating Officer (COO), Trade Finance Solutions commented âWe are naturally delighted by the vote of confidence given Surecomp by Swedbank. Working with Swedbank has been a pleasurable experience and we look forward to continuing to work with the Bank in helping them profitably control and manage their trade finance operations for many years to come.â