Isbank Germany Licenses Surecomp’s Trade Finance System
Surecomp®, a global provider of trade finance solutions for banks and corporations, announced today that Isbank AG, the European arm of Turkey’s leading bank Türkiye Is Bankasi A.S., has licensed Surecomp’s DOKA 5® trade finance system.
Headquartered in Frankfurt, Isbank spearheads its parent company’s international expansion plans, and promotes close commercial and other ties between Western Europe and Turkey. Isbank has over the past 18 months embarked on a major overhaul of its core banking system and critical modules including cash management. Working closely with Swiss-headquartered Avaloq Banking System, a Surecomp partner, Isbank completed the implementation and went live with it’s the new core system in record time.
Understanding that trade finance is a key element in building strong international operations, and that the bank’s in-place manual system would not allow for the growth strategy envisaged by the bank, Isbank embarked on a comprehensive evaluation of currently available trade finance solutions. The bank sought an efficient, agile and responsive trade finance solution to meet the business challenges of its corporate clients.
“After a careful review of various competitive offerings, we selected Surecomp’s DOKA 5 solution. While we appreciated DOKA 5’s comprehensive features and functionalities, we were particularly impressed by its easily customisable toolkit options,” said Uzay Ersin, corporate operations manager at Isbank. “Throughout the evaluation process, the Surecomp team exhibited extensive market knowledge, and provided us with expert advice and assistance.”