China Systems, the world’s leading trade services solutions vendor, has recently signed International Finance Bank, based in Miami, for use of its Trade Services solution CS Eximbills. International Finance Bank will deploy the platform automating traditional trade finance business functions under a contract that will see the project implemented jointly with China Systems and International Finance Bank staff. The system will be fully integrated with the Bank’s systems in a real-time environment. The implementation is expected to take just over one month. In another important development, Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has teamed with China
Systems USA & Canada Inc. (China Systems), to offer its international banking customers the latest in automated trade
finance technologies. Umpqua’s International Banking Division recently completed the installation of an integrated system
that automates and audits the complete cycle of trade finance transactions. Additionally, the bank has released its Umpqua Online Trade Services, which provide expanded trade finance functionality for Umpqua Bank customers, including 24-hour online access to letters of credit and outgoing documentary collection services.