Germany's Commerzbank has chosen to deploy Surecomp's DOKA-NG solution for back-office trade finance processing across multiple entities.

The solution aims to strengthen back-office processing of letters of credit (L/Cs) and other trade finance instruments.

Growth strategy

According to Surecomp, the solution is integral to the bank's future growth strategy and will be hosted in Commerzbank's private cloud environment to strengthen and standardise the back-office processing of L/Cs, guarantees and other trade finance instruments to streamline their internal operations.

This aims to improve control and visibility and enable faster customer approvals at Frankfurt-headquartered Commerzbank, which considers trade finance a core service and processes high volumes of trade finance transactions every year.

Strategic fit

Commerzbank's global head of product management trade finance, Jörg Motel, says a new, modern technological infrastructure is the foundation to securing the bank's leading market position in trade finance and enables it to tailor its offerings to customers' needs.

The Surecomp solution "fits into the long-term strategy of Commerzbank and shows our clear commitment to facilitating global trade finance for our German corporate clients," Motel concludes.

Evaluation process

The decision to deploy the DOKA-NG solution follows a lengthy evaluation at the bank which examined Surecomp's ability to deliver back-office solutions to provide users with a fully integrated end-to-end trade service solution.

The bank selected Surecomp for its strong market position, extensive global customer community and commitment to driving collaborative and open API-based digital trade finance transformation.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.