Banco Internacional Implements Surecomp's Trade Finance Front-end
Banco Internacional Guatemala, a member of the IF Group, has selected allNETT, Surecomp’s web-based trade finance front-end solution. By implementing this solution for their corporate customers, Banco Internacional has consolidated its position in Guatemala and the central America trade finance market.
allNETT is a Java J2EE multi-customer, multi-entity solution for both initiating trade finance transactions and extracting wide-ranging inquiries and reports. A 24/7 web-based solution, allNETT makes the corporate processing of letters of credit (LCs) and other trade finance documents more efficient by eliminating manual activities previously associated with such transactions.
“We recognised early last year that a web-based corporate access point was the missing link we needed to complement our leading electronic banking solution and to provide an integrated environment in all stages of the process for our corporate clients,” said Francisco Naranjo Martínez, general manager, Banco Internacional Guatemala. “Well known to us as a trusted supplier of trade finance solutions to other banks in the IF Group, Surecomp demonstrated and proved to us the uniqueness, power and flexibility of allNETT. We view allNETT as a critical solution in our arsenal as we move ahead and consolidate our position as Guatemala’s top trade finance bank.”