Surecomp®, the leading global provider of trade finance solutions for banks and corporations, recently announced the signing of a partnering agreement with Beijing-headquartered Brilliance Technology, a nationwide supplier of software development, computer system integration, consulting services, and project monitoring management in China. This announcement adds to the list of successful partnering agreements developed between Surecomp and like-minded partners worldwide.
Relating specifically to Surecomp’s DOKA 5® trade finance system, a configurable back-office solution for banks, the agreement enhances and formalizes an existing fruitful relationship between the two companies. Under the terms of the agreement, Brilliance will spearhead the licensing of DOKA 5 to suitable candidate banks across China, assume responsibility for project implementation, and provide first-line support to existing and new DOKA 5 users.
"We are delighted to partner with a forward-looking company like Surecomp during these exciting times for the Chinese banking market," said Alfred Yu, Executive Vice President of Business Development at Brilliance Technology. "Surecomp and Brilliance Technology have unique strengths that complement each other, and our combined expertise will deliver a powerful and comprehensive trade finance solution to the Chinese banking market."
The agreement comes at time of increasing demand by Chinese banks for tried-and-tested trade finance solutions. These banks require proven solutions that not only demonstrate increased flexibility, versatility and processing capabilities, but also decreased processing times, maintenance expenditures and operating costs.
"This agreement with Brilliance Technology – a highly respected IT company in China – is a very important step in our global drive to provide banks and multi-national corporations with a 'total solution' that meets their trade finance needs," said Joel Koschitzky, Surecomp Chairman. "We are confident that Brilliance Technology’s [DOKA 5] clients will find the strengthened relationship with Surecomp to be of great benefit to their trade finance business."
DOKA 5 is a configurable back-office trade finance solution for local and regional banks. Integrating all major trade finance functions upon delivery, DOKA 5 features comprehensive tool-kit options enabling easy customization based on user preferences. Modular and highly scalable, DOKA 5 carries out daily processing on a transaction-type basis, automatically executing all necessary working steps within each transaction. Featuring an intuitive graphical user interface (GUI), users have access to all transaction screens, the information system, and full online documentation at all times. A SWIFT-accredited application, DOKA 5 handles the full range of trade finance transactions.