Hamburg, Germany, February 13, 2018 – Surecomp®, the leading global provider of trade finance solutions for banks and corporates, announced today the successful delivery of DOKA-NG® to Rabobank in the Netherlands as the first stage of a new trade finance platform which will be based on Surecomp’s back-office solution DOKA-NG and front-office allNETT solution providing a seamless, straight through processing for trade finance operations.
Rabobank was established in 1972 and is headquartered in the renowned Rabotoren Tower, which located in the Dutch city of Utrecht. Rabobank does business all over the world and have over 8.5 million customers. With modernized dashboards and processing features, DOKA-NG and allNETT have earned reputations as the industry standards for their respective fields. Their platforms were designed to deliver increased efficiency for users through automation which saves time and eradicates human error. DOKA-NG is an internet-based back-office trade finance solution; allNETT offers a vehicle for hassle-free, paperless and immediate correspondence between bank. Together, they provide a fully integrated end-to-end trade services solution with outstanding straight-through processing capabilities.
Rabobank is a member of the well-known consortium of nine banks called we.trade, which is a ‘digital platform for managing, tracking and protecting trade transactions between SMEs’. The we.trade platform delivers benefits to its customers offering a the use of a smart contract and an open bank secure platform. As we.trade prepares for its soft launch, the delivery DOKA-NG at Rabobank could not be more timely. The first module to be implemented by the bank will be for we.trade and will include DOKA-NG’s new module for bank payment undertaking and invoice discounting.
“Surecomp is delighted to welcome Rabobank into the fold of our clients who are we.trade partner banks, a list which proudly includes Société Générale, Nordea, KBC, Deutsche Bank, UniCredit and several HSBC entities” said Jochen Oberländer, Surecomp general manager.” As the financial world becomes increasingly digital, and Rabobank continues to be a hub for innovation, Surecomp is proud of the partnership that we have created. We are confident that DOKA-NG and allNETT will serve as a highly effective and integrated front-to-back trade finance platform.” ###
Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. It serves approximately 8.7 million clients around the world. Rabobank Group is comprised of Coöperatieve Rabobank U.A. (Rabobank) and its consolidated subsidiaries in The Netherlands and abroad. It is committed to making a substantial contribution to welfare and prosperity in the Netherlands and to feeding the world sustainably.
allNETT® is a state-of-the-art Web-based trade finance front-end system. Designed for use by the bank’s corporate customers and branch offices, allNETT provides complete trade cycle support. The bank’s customers can initiate the full range of trade finance transactions including letters of credit (L/Cs), standby L/Cs, guarantees, collections, remittances and stand-alone finance. allNETT also enables a wide range of online inquiries and reports. Upon release of any deal at the bank’s back office, all relevant correspondence, scanned documents and transaction history are immediately transferred to allNETT, enabling customer access to real-time information.
About DOKA-NG ®
DOKA-NG® is a SWIFT-certified back-office trade finance solution. It was designed facilitate the full range of trade finance business in an increasingly digital, 24/7 global industry. Integrating all major trade finance functions upon delivery, DOKA-NG features comprehensive options enabling easy customization based on demands of the bank. Modular and highly scalable, DOKA-NG carries out daily processing on a transaction-type basis, automatically executing all necessary working steps within each transaction. Featuring an intuitive graphical user interface, users have access to all transaction screens, the information system, and full online documentation at all times.
Surecomp® is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for 30 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and eight state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp’s integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional Information, visit www.surecomp.com.