Bank of Cyprus has licensed Surecomp's NetImex Internet trade finance solution for roll out to corporate clients.
The bank is currently implementing Surecomp’s back office thin client trade finance solution, Imex, and plans to enable corporate clients to perform trade finance transactions on the Internet before the end of 2002.
Panayiotis Hadjicharalambous, senior IT manager at Bank of Cyprus, says: "NetImex will offer our clients the opportunity to access their trade finance business through the Internet 24 hours a day whether they wish to initiate new business, inquire on existing instruments or use the NetImex reporting facilities that are readily available."
Bank of Cyprus is the 21st bank to license NetImex since the product was first introduced three years ago.