Bank Pekao SA Receives Award for Rapid Implementation of Surecomp Integrated Trade Finance Solution

26 November 2008

Surecomp, a leading provider of global trade solutions for the financial services community, announced today that Bank Pekao SA, a Warsaw-based bank belonging to the UniCredit Group, is the recipient of the Surecomp 2008 IMEX-allNETT Implementation Award. The annual award recognizes excellence in project implementation, product production and solution time to market.

Offering customers a range of innovative products and solutions, Pekao SA is Poland’s largest bank, the recognized leader of the country's corporate banking sector, and a major player in the CEE. Established in 1929, the Bank joined the UniCredit Group in 1999. After UniCredit and Germany's Bank HVB merged operations in 2005, Bank Pekao SA acquired part of another Polish bank, BPH, whose corporate portfolio was absorbed into the Bank. As part of a two-year integration process, Bank Pekao SA embarked on an aggressive solution implementation schedule. Part of this ambitious program included the implementation and launch of Surecomp's fully automated, end-to-end trade finance solution.

“The Surecomp award represents the success of a truly collaborative effort between our IT department and Surecomp," said Sylwester Stasiak, Managing Director of Bank Pekao’s Transaction Banking Department. "As a result, we now provide our corporate customers with an innovative solution for managing the full spectrum of international trade finance activity via a single state-of-the-art application.”

“Based on experience, we know that a speedy implementation does not always translate into a successful production launch," Stasiak continued. "The professionalism and dedication of the joint teams, coupled with strict adherence to a tight, well-designed project plan, meant that Bank Pekao SA was able to launch its trade finance services right on schedule, and subsequently roll out them out across Poland.”

"We'd like to offer personal congratulations to Bank Pekao SA for successfully implementing Surecomp's end-to-end trade finance solution within their desired time frame," said Eyal Hareuveny, Surecomp President. "We are fully aware that when the tasks required for meeting time-to-market goals are not closely managed, solution implementation can become bogged down, and even threaten the very success of the project. In the case of Bank Pekao, both the Bank and Surecomp worked together from start to finish to ensure success.”

"Bank Pekao's determination and performance also underscores the fact that despite the economic slowdown worldwide, there has never been a better time for banks to review their technology investments," Eyal Hareuveny continued. "In this way, banks can make sure that they have the right solutions in place to meet evolving customer demands as the global financial crisis lifts.”

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