Hinduja Bank (Switzerland) Ltd has chosen Credoc software to support its letter of credit (L/C) and wider trade finance operations.

A Swiss company, Micro Informatique & Technologies (MIT), has developed the Swift compatible software over a number of years.

Compatibility

The head of Hinduja Bank's documentary credit department says he is impressed with the MIT solution's user friendliness and compatibility.

"Credoc will dramatically reduce the time actually spent on processing transactions," says Pierre-Yves Blanc.

Integration

The software developers claim the Credoc software solution is easy to integrate with other standard banking software.

Geneva-headquartered Hinduja Bank became a Swiss regulated bank in 1994, and has a network spanning Switzerland, Dubai, London, Paris, New York and Mauritius.

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