Nordea has gone live with a stand-alone version of Surecomp's allNETT solution in Frankfurt and London.
allNETT is a web-based trade finance front-end solution and will enhance Nordea’s position as the dominant trading bank in Northern Europe and strengthen its international trade operations.
Nordea are planning to use allNETT in additional locations over the next few months.
In Q4 2013, Nordea previously licensed the fifth version of allNETT with Surecomp’s back-office solution, IMEX, and the chain finance solution, SCF-PRO.
Joel Koschitzky, chairman of Surecomp, said: “We appreciate the trust bestowed upon us by Nordea, and are fully confident that the Bank’s expectations will be met and surpassed by Surecomp. We have witnessed first hand the difficulties many banks are having as they continue to serve traditional trade markets while maintaining or improving return on equity performance.”
“allNETT, complemented by Surecomp’s suite of trade finance and supply chain finance products, helps banks and their corporate clients to drive efficiency and boost profitability.”
Lena Hedengran, vice president and head of trade finance Baltics and international units at Nordea, added: “Surecomp is a seasoned provider of mature yet innovative trade finance solutions for banks and corporations alike, and we look forward to continued collaboration with Surecomp in the years ahead.”
“Our vision is to make global trade happen by providing the very best services across all markets. The continuous rollout of allNETT – for the benefit of our corporate clients requiring trade finance services – is a prime example of this vision.”
