- Commerzbank has chosen Surecomp, a Canadian trade finance solutions provider, to automate its trade finance business’s back-office processing capabilities.
- The Frankfurt-based bank has adopted Surecomp’s Digital Online Key Account-Network Gateway (DOKA-NG) solution, which addresses various needs of trade services departments.
- The solution includes instruments like guarantees, letters of credit, receivables finance, collections, loans, payments undertakings, and more.
- Commerzbank aims to benefit from increased operational efficiency, reduced costs, improved risk mitigation, enhanced compliance capabilities, and better control and visibility.
- This initiative aligns with the bank’s commitment to facilitating global trade finance for its German corporate clients.
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
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