September 28, 2008

Beijing-based China Minsheng Banking Corporation (CMBC) has selected a straight-through processing end-to-end trade finance solution from Surecomp (Hoboken, N.J.) to automate its trade service operations.

CMBC is one of China's largest banks, with more than 300 branches and a workforce of 14,000 people. The bank operates in the commercial, corporate, investment, mortgage, private, retail and wholesale banking spaces.

Surecomp's integrated end-to-end trade finance solution includes front-end and back-office systems. The firm offers several back-office trade finance systems, each targeted for different levels of usage, geographical location and IT infrastructure.