PR83783

TORONTO, April 28, 2020 /PRNewswire=KYODO JBN/ --

Surecomp(R), the leading provider of global trade finance solutions for banks

and corporates, today announced the opening of its Application Programming

Interfaces (API) architecture to customers in a sandbox testing environment,

setting the new open banking standard in the digitization of trade finance

processing and connectivity.

The APIsure service which is available to banks across the globe, is already

being used by some of the largest banks in Europe for real-time processing of

their bank guarantees and letters of credit. For existing customers, it can now

be trialed, free of charge, in an API sandbox for a limited time period, to

highlight the importance of digitized trade finance in the age of COVID-19.

As a recognized industry pioneer, Surecomp was asked by major banks to lead the

journey towards digital, open banking trade finance. Designed in full

cooperation with the banks, APIsure ensures the highest standard of security,

compliance, scalability, monitoring and transparency. It offers flexible and

agile back-office connectivity, alongside an API management system (APM) and

API sandbox. APIsure also includes a developer portal where partners can

develop apps and services. Current APIs enable productivity and efficiency as

well as data analysis and visualization services. Future developments include

advanced risk management, Robotic Process Automation (RPA), Know Your Customer

(KYC) functionality and compliance.

As a long-standing Surecomp customer across multiple geographies, one of the

largest banks in Europe has been the first to go live with an API to Conpend,

one of Surecomp's fintech partners providing trade finance document

digitization services. This has significantly enhanced the efficiency of their

operations while breaking down legacy barriers, improving the time-to-market of

trade finance services to its customers and reducing the risk exposure of

paper-based transactions.

"With world-leading banks already onboard, we are confident our open banking

architecture is a game-changer for trade finance processing," explains Tsafrir

Attar, VP Digitization at Surecomp. "By providing our customers with the

opportunity to trial API connectivity within the safety of the sandbox

environment, we are proud to set the standard for real-time paperless

connectivity and in turn promote enhanced growth, efficiency, customer

satisfaction and collaboration for banks, corporates and fintech companies

across the trade finance ecosystem."

About Surecomp

Surecomp(R) is the leading global provider of innovative trade finance

solutions for banks and corporations. A respected market pioneer for over

thirty years, Surecomp delivers an integrated portfolio of trade finance,

supply chain finance and treasury solutions, streamlining the transaction

lifecycle to enhance operational efficiency, mitigate risk and maximize profit.

With a global network of seven development and support centers in the US,

Argentina, Chile, the UK, Germany, Israel and Singapore, Surecomp serves a

prestigious customer base in over eighty countries across six continents.

For more information visit surecomp.com/product/apisure

[https://www.surecomp.com/product/apisure/].

Surecomp Contact:

Abby Bickford

Director of Marketing

Tel: +44-(0)7931-126616

Email: abby.bickford@surecomp.com

Source: Surecomp