Bank BPH, a commercial bank in Poland, is to upgrade its existing Surecomp back-office trade finance software to the vendor’s IMEX 7.0, the latest version of Surecomp’s back-office processing solution. The Polish Bank, owned by GE Money, has been a long-standing client of Surecomp and decided to retain its software after a competitive tender process.
Headquartered in the port city of GdaÅsk, birthplace of the Solidarity movement that displaced Poland’s former communist regime, Bank BPH ranks among the country’s top ten banks. The technology upgrade project will start in Q3 2014 and run into the next year. The aim is to automate rule-driven tasks and cut errors and associated costs, while improving improves risk management, compliance and efficiency.
“After reviewing various market options, we opted for an agreement with Surecomp,” explained Jerzy Zan, managing director of commercial banking products at Bank BPH. “We believe that our ongoing collaboration with Surecomp will enable us to gain more momentum in trade services, while providing a new range of beneficial features and functionalities for our corporate clients.”
According to Raphael Barisaac, Surecomp’s global head of trade finance and supply chain finance (SCF) solutions, given that Bank BPH and the firm have partnered fruitfully for two decades, “its selection of Imex v7.0 was a natural progression in our working relationship”.