MIT (Micro Informatique & Technologies SA), Lausanne announces that Hinduja Bank (Switzerland) Ltd has chosen CREDOC as the software to support its Trade Finance operations. The Bank has opted for the Windows based version of CREDOC, perfectly suited for their Trade Finance department. The system will be interfaced with their core Banking system Olympic, and their Swift solution IGT+. The acquisition of a mature Trade Finance system is part of the Bank’s overall strategy in developing its Trade Finance activities in the Swiss market.
“As we go along in learning how to work with the software, we are impressed with the user-friendliness of the system knowing the complexity of Trade Finance transactions” said Pierre-Yves Blanc, head of the Doc Credit Department at Hinduja Bank, adding that “CREDOC will dramatically reduce the time actually spent on processing transactions, which means we will have more time to spend on business development”.
“The flexible architecture of Credoc makes it easy to integrate with other standard banking software in the market; this was a key factor for the Bank when deciding to acquire CREDOC”, declared Paul Cohen Dumani, MIT’s General Manager.
About Hinduja Bank (Switzerland) Ltd (www.hindujabank.com)
Previously known as Amas Bank (Switzerland) Ltd, Hinduja Bank (Switzerland) Ltd was founded as a finance company in 1978 and became a Swiss regulated bank in 1994. Headquartered in Geneva, the Bank has developed its network in Switzerland with offices in Zurich, Lucerne, Basle and St Margrethen. Its global reach includes a presence in Dubai, London, Paris, New York and Mauritius. Over the years, its core businesses have expanded to comprise Wealth Management, Trade Finance Services and Corporate Advisory. The latter includes Mergers & Acquisitions and advice to companies investing in the emerging markets where Hinduja Bank (Switzerland) Ltd has long-standing expertise.