Unicredit HypoVereinsbank Implements Trade Web System Built on GTC's @GlobalTrade Platform Technology

19 February 2009

GlobalTrade Corporation (GTC) today announced that Unicredit HypoVereinsbank, one of the leading European banks has successfully implemented its @GlobalTrade Front End System for processing Import Letters of Credit and Guarantees in Germany.

The system is called 'Trade Web' and is designed to service Small and Midsize enterprises.

"GTC was able to deliver a commercial grade system to us in three month time after completion of the requirement gathering documentation, said, Wolfgang Friedinger, Head of Trade Products & Services, Unicredit HypoVereinsbank. "Our processing staff and corporate customers are very pleased with the results," he added.

"This is the first time that @GlobalTrade Platform Technology originally designed to service the needs of large corporate clients with multiple banking relationships has been used to build a web based front end system for a major bank, said David Jack, VP Development. We have successfully used our base system components to deliver a customized solution that HVB wanted in record time."

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