The two companies have signed a bilateral sales referral agreement. Through this partnership, Fundtech will further its goal to deliver and meet market demand for its suite of payments and cash management solutions.
"Through this partnership we will be able to extend our market reach and offer our clients the leading trade services solution available in the marketplace," said GM Stetter, Corporate Executive Vice President. "Surecomp's notable expertise in trade services and their compatible technology platform made them an attractive partner."
Fundtech and Surecomp are answering a market need for integrated electronic payment, cash management and trade finance solutions."Since the people handling all of these processes for corporatecustomers are often the same, it is only natural that the processes be linked, and therefore integrated to provide a seamless process," added Fundtech's Stetter.
"Fundtech and its payment products are well-known and respected in the industry," said Matti Shem-Tov, Surecomp's President "We are pleased to be able to refer such high quality products to our clients.Together, our services will enable financial institutions to integrate their trade finance and electronic cash management functionalities and, therefore increase efficiencies in serving their customers."
The partnership will focus on the following products from Fundtech and Surecomp:
- Fundtech's ACCESS.pro is a multi-lingual, multi-currency
product that offers a comprehensive set of Internet banking
services through a full range of delivery channels. This
robust solution gives customers secure, up-to-the-minute
access to services such as electronic information reporting,
book transfers, check management, bank reports, funds
transfers, ACH origination, letter of credit, loan
information, positive pay and electronic messaging. Companies
can also leverage Fundtech's PAYplus family of payment
- Surecomp's IMEX is the leading Trade Finance Banking System,
designed for Global, Regional and Local banks with high
volumes of trade finance activity, IMEX incorporates
browser-based thin client solutions that handles all Issued
and Received Letters of Credit, Standbys, Clean and
Documentary Collections, Clean Payments, Guarantees and
Reimbursements, Syndications and Participations.
- Surecomp's IBSnet is a Windows NT based Trade Finance System
designed for financial institutions with medium to low
transaction volumes and is a totally configurable application
that incorporates Import, Export & Standby L/Cs, Collections,
Payments, Guarantees, Steamship Indemnities, Air Releases and
all means of financing.
- Surecomp's NetIMEX is the leading Internet-based customer
access trade finance system, which allows a bank's clients to
both initiate transactions and to extract inquiries and
reports. NetIMEX is a Java-based application and fully
interfaces with IMEX, IBSnet and various other back office
trade finance systems. NetIMEX can also be operated as a