Thursday, June 20, 2024

Banco Pichincha chooses Surecomp® for end-to-end digital trade finance processing

Surecomp has today announced that Banco Pichincha – Ecuador’s leading financial institution with $4.5 billion in assets – has chosen its next-generation trade finance processing technology for front-to-back-office operations. The bank will deploy Surecomp’s cloud-based Trade Finance-as-a-Service (TFaaS) solution to support the growth of current and future trade finance transactions.

Headquartered in Quito, Ecuador’s capital, Banco Pichincha has a presence across other Andean markets and was the first Latin American financial institution to obtain a banking license in Europe over a decade ago. Its international expansion and ambitious growth objectives have fueled the need to replace the existing solution with a more agile, scalable and robust cloud-based deployment. To accomplish this, it will use Surecomp’s back-office solution DOKA-NG™, which has been seamlessly integrated with its front-office solution to provide a completely streamlined and automated transaction lifecycle process.

“The transition to a cloud-based solution is a strategic decision integral to Banco Pichincha’s digital transformation. With this new process, we will improve our customer experience thanks to the use of a SaaS solution that enhances our efficiency and productivity,” says Santiago Cano, Foreign Trade Manager of Banco Pichincha. “We are convinced that Surecomp’s leadership in the development of innovative trade finance solutions will be fundamental to supporting our next phase of growth.”

“We are delighted that Banco Pichincha chose to work with us,” says Robin Findlay, Surecomp’s VP of Global Sales and Marketing. “Our recent work with other banks in the region also moving to the cloud, reinforces our absolute commitment to helping drive trade finance growth for both Banco Pichincha, and Ecuador as a whole.”

 

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