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E-invoicing, SCF & E-procurement

BIDV chooses Surecomp for digital trade finance transformation

Friday 6 September 2019 | 10:12 AM CET

Trade finance solution provider Surecomp has formed an agreement with Vietnam-based Joint Stock Commercial Bank to boost its trade finance offering.

The main goal of Surecomp is to implement a new end-to-end trade finance solution. Surecomp will accelerate BIDV’s trade finance digitisation plans. US-based Surecomp’s DOKA-NG and allNETT solutions will support the ongoing growth and digitisation plans of BIDV, who is Vietnam’s largest bank by total assets.

Hanoi-based BIDV was the receiver of the latest large investment by a South Korean firm in the Southeast Asian country. South Korea’s Hana Bank agreed to buy a 15% stake in the bank, with a deal value of USD 874 million.

More: Link
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