Bank BTPN Streamlines Trade Finance Processing with Surecomp
(9 March 2023 – Indonesia) Trade Finance technology specialist Surecomp announced Bank BTPN is live with its proprietary digital solution “Doka” to initiate streamlined back-office trade finance processing.
Bank BTPN is a leading privately-owned bank in Indonesia and part of Sumitomo Mitsui Banking Corporation Group (SMBC). Replacing the bank’s previous trade finance application, the digital solution is hosted in Jakarta.
Through seamless integration with the bank’s other trade-related systems for limits and position management, sanction screening, SWIFT connection, collateral management and core banking, Bank BTPN will now be able to deliver a more efficient customer service supported by expedited internal processing of its growing trade finance transactions in the form of Letters of Credit (LCs), Documentary Collections (DCs) and trade loans.
“Following an extremely thorough selection process involving an request for proposal (RFP), workshops, and numerous virtual meetings during the pandemic, I am glad to be underway with DOKA and to be undertaking this association with Surecomp,” said Bank BTPN Head of Transaction Banking and Supply Chain, Intan Wijaya.
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