Mexico's Banco Monex Licenses Surecomp's allTRA Trade Finance Solution
Banco Monex, a member of Monex Grupo Financiero, has licensed allTRA, Surecomp’s Java J2EE trade finance solution. With advanced straight-through processing (STP) capabilities, allTRA V2.0 is a state-of-the-art bank back-office system.
Already offering an extensive range of letter of credit (LC) and documentary collection instruments, Banco Monex has licensed allTRA to automate and upgrade the bank’s trade services. Banco Monex will use allTRA to improve customer service, enhance efficiency, reduce processing charges and maintenance costs, and serve as a catalyst in the bank’s drive for greater market share.
“Our vision is to be an internationally recognised banking group acknowledged for its quality, prestige and profitability, as well as for providing specialised financial products and services to specific market segments in an innovative fashion,” said Carlos Gonzalez, executive director – banking products, Banco Monex. “We view the licensing of allTRA as a partnership between the Bank and Surecomp,demonstrating how a national bank can work closely together with a leading global software vendor to achieve the bank’s objectives.”