Surecomp®, a leading provider of global trade solutions for banks and corporations, announced today that Quito-based Banco Internacional Ecuador has commenced production with Surecomp’s allTRA®-driven end-to-end trade finance solution.
The front-to-back solution comprises allTRA®, Surecomp's Java J2E flexi-scale back-office trade finance system, and allNETT®, the vendor's Java J2E Web-based trade finance front end. The Bank is harnessing the power, flexibility and versatility of Surecomp's fully integrated best-of-class solution, thereby confirming its status as leader in Ecuador’s trade finance market.
Established in 1973, and viewed as a solid and reliable institution, Banco Internacional of Ecuador is a member of the Spanish IF Group (Grupo Fierro), which also includes Banco Exterior in Venezuela, Banco Interamericano de Finanzas (BIF) in Peru, Banco Internacional in Guatemala, International Finance Bank (IFB) in the United States, and EBNA Bank in Curacao. With 10,000 professionals spread across 20 economic sectors, the IF Group maintains operations in Spain, Latin America and the United States.
“At the time of licensing allTRA and allNETT, I confirmed that the bank selected Surecomp’s bank back-office and corporate front-end solutions because we felt they were the best fit and would allow us to consolidate our position as the bank of choice for corporate and business users,” said Rafael Pazmiño Holguín, Banco Internacional’s Vice President, Trade Services. “We have not been disappointed in our selection. Throughout the implementation period Surecomp has time and again demonstrated their in-depth project management skills, knowledge and understanding of our unique requirements and all with a level of professionalism beyond our expectations.”