{"id":235,"date":"2021-02-25T11:17:18","date_gmt":"2021-02-25T03:17:18","guid":{"rendered":"https:\/\/www.gochambers.com\/globalupdates\/?p=235"},"modified":"2021-02-25T11:17:18","modified_gmt":"2021-02-25T03:17:18","slug":"dz-bank-picks-surecomp-for-trade-finance-digitisation","status":"publish","type":"post","link":"https:\/\/www.gochambers.com\/globalupdates\/latest-news\/dz-bank-picks-surecomp-for-trade-finance-digitisation\/","title":{"rendered":"DZ Bank picks Surecomp for trade finance digitisation"},"content":{"rendered":"

As the second largest bank in Germany, DZ BANK which is headquartered in Frankfurt, acts as the central bank for almost 850 co-operative banks across the country. The trade finance department operates on behalf of both direct customers and member banks, acting as a trade finance hub to process thousands of transactions.<\/p>\n

The DZ BANK team also manages international trade finance processing requests from the bank\u2019s Hong Kong branch. In view of thousands of corporate clients of varying size and growing transaction volumes, DZ BANK recognized the need to transition its operations to the next stage of digitization.<\/p>\n

It decided to implement DOKA-NG\u2122, which is an API-enabled digital trade finance platform fully equipped to support pending regulatory changes including SWIFT SR2021.<\/p>\n

\u201cStarting the transition to DOKA-NG is a natural progression in our digitization journey,\u201d explains Thomas Arendt, Head of Documentary Trade at DZ BANK. \u201cThe bank in general is migrating more and more towards digital solutions, and I\u2019m delighted that, through our established partnership with Surecomp, trade finance has been able to drive enhanced customer service through the automation of its back-end processing.\u201d<\/p>\n

\u201cWe are proud to serve DZ BANK and its vast portfolio of cooperative banks and are fully committed to the digital journey the bank is going through,\u201d says Yaron Hupert, Surecomp\u2019s SVP Account Management. \u201cAs a trusted advisor, we have built a true technology partnership to help secure their digital trade finance future.\u201d<\/p>\n

Source: Fine Extra<\/p>\n

*****<\/p>\n

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As the second largest bank in Germany, DZ BANK which is headquartered in Frankfurt, acts as the central bank for almost 850 co-operative banks across the country. The trade finance department operates on behalf of both direct customers and member banks, acting as a trade finance hub to process thousands of transactions. The DZ BANK […]<\/p>\n","protected":false},"author":7,"featured_media":236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[6,40,3],"tags":[65,25,26,29,78,77,22],"class_list":{"0":"post-235","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economic","8":"category-europe","9":"category-latest-news","10":"tag-65","11":"tag-banking","12":"tag-chamber","13":"tag-chamber-of-commerce","14":"tag-dz-bank","15":"tag-europe","16":"tag-finance"},"yoast_head":"\nDZ Bank picks Surecomp for trade finance digitisation<\/title>\n<meta name=\"description\" content=\"As the second largest bank in Germany, DZ BANK which is headquartered in Frankfurt, acts as the central bank for almost 850 co-operative banks across the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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