Russia’s ZAO UniCredit Bank Selects Surecomp’s IMEX Trade Finance System

UK banking software developer Surecomp has won a contract with Moscow-headquartered ZAO UniCredit Bank, which will implement its IMEX trade finance system.

“Last year ZAO UniCredit  included the trade finance back-end system in its information and communications technology (ICT) strategy, as part of a major transformation programme aimed at substantially improving the bank automation level and now this program is being realised, “ said Diego Rampoldi, the bank’s chief information officer (CIO).

“The bank undertook a professional evaluation process, based on rigorous technical and functional proof-of-concept workshops. It was followed by a detailed gap analysis. At the end of the process, we selected Surecomp as our vendor of choice, and IMEX on UNIX as the target platform. Meeting a ZAO UniCredit time-to-market requirement, the IMEX implementation project for two processing centres of the bank (in Moscow and Saint-Petersburg) was launched simultaneously.”

ZAO UniCredit Bank has operated in Russia since 1989. Ranked eighth by total assets based on H112 results, it is the largest foreign bank in Russia and fully owned by UniCredit Bank Austria AG, a member of UniCredit Group.