Operating 87 branches in Venezuela, Banco Canarias specializes in personal and commercial banking. Retail services offered by the Bank include checking and savings accounts, deposits, and debit cards. Banco Canarias' commercial services include import and export credits, goods, services and technology, and document insurance.
Venezuela manufactures and exports a wide range of products including steel, aluminum, transportation equipment, textiles, apparel, beverages and foodstuffs, as well as petroleum. The country also enjoys a growing export market for a range of manufactured items including cement, tires, paper, fertilizer and motor vehicles.
The fully comprehensive STP solution comprised of allTRAÂ® bank back office and allNETTÂ® Internet corporate front end will allow Banco Canarias to realize its commercial and operational objectives, and further strengthen its presence as a national trade finance bank.
Serafina R. Scannella, Banco Canarias' Vice President de Division de Finanzas, said: âAlthough we started our search for a trade finance solution nearly a year ago, the global credit crisis has emphasized the importance of cash management, corporate governance and banks' risk management practices. The long-term consequences will be a tighter regulatory environment.
âWe were impressed by Surecompâs more than 20 years of dedication to providing innovative technologies that meet the needs of the global trade finance market. Their forward-looking innovation fits perfectly with the Bankâs desire to grow its national footprint. Surecompâs Java solution will enable us to differentiate our trade services, while supplying a class-leading product suite that we are confident can support even our most demanding business settings,â Scannella added.
Offering his congratulations to Banco Canarias, Jack Omar Villacis, Surecomp Vice President, Sales, the Americas, said: âI am proud that Banco Canarias has selected our solutions, and in doing so becomes our third customer in Venezuela. We are delighted to play a leading role in the Bankâs ongoing strategic to offer ground-breaking products to a larger customer base.â