Indonesian Bank Streamlines Trade Finance Processing With Surecomp

As per the latest news, Trade Finance tech specialist Surecomp has announced that BTPN, one of the leading privately-owned banks in Indonesia and part of SMBC Group, is live with DOKA solution to initiate streamlined back-office trade finance processing.

The above-mentioned solution, which has replaced the bank’s earlier trade finance application, is facilitated in Jakarta and has been completely deployed & upheld by Surecomp’s local groups in Asia. This DOKA solution has been coordinated with the bank's other trading systems for limits, and position management, sanction screening, Swift connection, collateral management, and core banking. It will allow BTPN to convey a more effective customer service upheld by speeding up the internal processing of its developing trade finance transactions in the form of Letters of Credit (LCs), documentary collections as well as trade loans.

“Following an extremely thorough selection process involving an 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.”

Intan Wijaya, Head of Transaction Banking and Supply Chain at Bank BTPN stated. “The group exhibited vigorous functionality, a thorough understanding of our requirements, and constructed a trust whereupon, we can future-proof our trade finance business.”

“We are pleased that BTPN has prioritized us to be a partner on its trade finance digitization pathway,” states Yaron Hupert, Surecomp’s SVP of Account Management. “By becoming a part of other home-developed Asian banks in Singapore, China, Hong Kong, Vietnam, and the Philippines, we are anticipating a long and prosperous relationship with BTPN and are sincerely dedicated to ensuring their prosperity and further reinforcing our association.”

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