Surecomp introduces trade finance-as-a-service

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Created: 6 July 2020

Canada-based trade finance solutions company, Surecomp, has announced its launch of Trade Finance-as-a-Service (TFaaS) suite which comprises of back-office trade finance management and processing, front office for banks corporate clients and open API connectivity with full access to the marketplace. This is the subscription-based service which will allow parties around the world to digitally apply for and track their trade finance needs.

“Our solutions have been driving the evolution of trade finance operations for many years. By responding to our customer’s needs, we are offering yet another way to gain value from our state-of-the-art trade finance solutions,” said Guy Perry, President at Surecomp. “With TFaaS, customers can now consume the entire trade finance service via powerful, cloud-based, easy-to-onboard technology, which is fast, efficient and extremely cost-effective.”

The solution is fully integrated with an end-to-end, cloud-based suite that supports the portfolio of trade finance applications. In its press release, the company said this is all adhering to the highest standard of security, service level agreement, cloud technology performance and data segregation. This platform is SWIFT-certified and Surecomp also assure that it will be compatible with all future applicable SWIFT changes.