The CFI.co judges have conferred on MITech the 2023 award for Best Trade Finance Software Solutions Global 2023.

Highlights of the judging panel’s findings include:    

  • As an international commodity trading company in the early 1970s, the founders of MIT (which became MITech in 2020) were among the first to digitalise their operations.
  • The company's flagship product, CREDOC, has been on the market for more than 30 years - and it only gets more powerful with each iteration. CREDOC 5G has been recently released using a latest generation “Service Oriented” Architecture (SOA).
  • MITech specialises in the development of software for a wide range of banking operations, including documentary business, guarantees, trade finance and Customer remote access through the web. lt offers structured solutions that support informed decision-making for Banks, and now Traders with their Financing processes.

The judging panel’s full report:

MITech: Best Trade Finance Software Solutions Global 2023

MITech (MIT Make Intuitive Tech) is located in the heart of Switzerland's commodity trade finance space. The global software solutions company has a distinguished track record of innovation and integration. As an international commodity trading company in the early 1970s, the founders of MIT (which became MITech in 2020) were among the first to digitalise their operations. Their success sparked interest among banks, and the three founding brothers began developing Trade Finance software for an industry ripe for disruption. Paper processes still ruled at that time, but now more than 30 major Swiss and International banks rely on MITech software as a vital part of their due diligence procedures. The company's flagship product, CREDOC, has been on the market for more than 30 years - and it only gets more powerful with each iteration. CREDOC 5G has been recently released using a latest generation “Service Oriented” Architecture (SOA).

ln 2010, MITech introduced the first thin-client web-based application for the commodity finance industry, TRAC (Trade Risk Active Control). The company continues to be guided by the founding principles of quality and service. lt builds on decades of technological expertise to tailor software to client needs. MITech specialises in the development of software for a wide range of banking operations, including documentary business, guarantees, trade finance and Customer remote access through the web. lt offers structured solutions that support informed decision-making for Banks, and now Traders with their Financing processes. The Swiss-made software is used by numerous professionals around the world. The CFl.co judging panel announces MITech as the 2023 global award winner for Best Trade Finance Software Solutions.

About MITech:

MIT Make Intuitive Tech SA  (MITech) is an independent Swiss company founded and established in Lausanne, Switzerland. As of January 2020, it has taken over the operations of MIT that has been providing Banking systems for more than 35 years. The company is active in Trade Finance computing and has been providing complete turnkey information systems to automate and streamline documentary credit operations for banks. The MITech team is composed of qualified and highly specialized professionals in Banking, Finance International Trade and Computer Science.  It has designed and installed complete information systems for major Swiss, European, Middle Eastern and Asian banks to their complete satisfaction with years of loyalty. MITech key products consist of Credoc 5G ™, the flagship back-end Trade Finance solution, newly upgraded and relaunched in its 5th generation version as well as TRAC ™, a revolutionary Trade Commodity Finance Collateral Management system. Both systems are designed to dramatically improve Trade Finance process productivity and compliance to the latest standards.

Learn more about us on the website: www.mitsa.ch

About CFI.co:

CFI.co is a print journal and online resource reporting on business, economics, and finance. The journal recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds – CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy.

About the CFI.co Awards Programme

Each year, CFI.co seeks out individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Reporting from frontlines of economies on the move, CFI.co realises that best practice is to be found throughout the world. The Awards Programme aims to identify and reward excellence wherever it is found. The programme aims to inspire others to further improve their own performance.