Insight & Analysis

Press Release: Surecomp® launches Fastrade™ for enhanced digital trade finance customer engagement

Published: Jun 2020

18th June 2020 – Surecomp®, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office solution Fastrade™, designed specifically for small-to-medium sized enterprises (SMEs). Fastrade™ allows banks to extend trade finance capabilities to their SME corporate clients, while SMEs can now also gain direct access to and benefit from fully digitized trade finance services. The solution – which is available either on the public cloud or on customer premise – enables trade finance providers to enhance customer service and satisfaction by offering their SME clients an easy-to-deploy, intuitive and scalable multi-bank channel for their trade finance process automation.

Newspaper press release

Trade finance providers of all type and size can use the Fastrade solution, which is now embedded with state-of-the-art API connectivity and packaged as an out-of-the-box SaaS offering, to optimize customer engagement and drive growth. Transforming what is sometimes perceived as a complex process into a simplified, easy-to-follow user experience, it supports all commonly used trade finance services, with preconfigured workflows to minimize setup time. Fastrade™ mitigates the risk of human error and takes trade finance to a new level of digital banking.

By providing their SME customers with enhanced process efficiency of the trade finance lifecycle, banks are not only expanding their portfolio to new market segments, but they dramatically improve their customer experience, while reducing costs, risk and time-to-market for completing trade transactions.

“With Fastrade, we are applying specifically to the SME market, the knowledge and expertise we have gathered over the years in enabling tens of thousands of corporates who already use Surecomp to process trade finance activities directly with their banks,” explains Gadi Komet, Surecomp’s EVP of Global Delivery & Operations. “We have responded to demand from our customers to help them better address the SME market by offering the user-friendly, fast-to-deploy Fastrade™ solution, which is exactly what they were looking for.”

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