Surecomp solutions arrive in Peru

Sibos 2005, Lima, Peru – September 6, 2005 – Surecomp, a leading provider of trade finance, cash letters, factoring and reconciliation solutions for the financial services industry announced today that Peruvian-based BIF - Banco Interamericano de Finanzas licensed IBSnet and NetIMEX, ensuring the Bank a comprehensive front-to-back trade finance solution. BIF is one of the top five Peruvian trade finance banks.

In recent years the trade finance market has proved a particularly successful growth area for BIF. In order to continue to provide its customers with the very best of trade finance services and to continue to grow the business BIF decided to implement a state of the art trade finance solution.

Surecomp demonstrated among others that with its solutions BIF would:

• Have available a powerful tool to manage their customer’s import and export transactions through a single integrated system
• Allow for new additional business opportunities by providing customers with a sophisticated Internet front-end
• Propel itself to the forefront of regional trade finance banking services
• Increase transaction revenues through greater efficiency and the use of STP without expanding manpower

After the signing of the licensing agreement Isabel Quevedo Ocampo, BIF International Business Manager remarked "The in-depth functionality provided by the IBSnet / NetIMEX combination will allow BIF to leap forward into a new era of trade finance banking. We have every confidence in Surecomp’s ability and products. We were particularly impressed with the robustness of their solutions, the strength of the Surecomp regional support team and Surecomp commitment to the region."

Offering his congratulations to the BIF, Surecomp Vice President - Business Development, Vladimir Ramirez explained the vendors’ approach to the Bank’s trade finance system requirements "Having carefully analyzed BIF needs, particularly their desire to become a leader in the supply of trade services, we were able to successfully demonstrate the benefits of our robust front to back solution. BIF and its people are an impressive organization. I am proud that BIF selected our solutions and we look forward to working with the bank."

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