Bank of Ireland has announced its partnership with Surecomp to implement the Digital Online Key Account-Network Gateway (DOKA-NG) solution, aimed at transforming and digitizing its trade finance back-office operations. The move underscores the bank’s commitment to enhancing efficiency and customer experience through innovative digital initiatives.
Surecomp’s DOKA-NG Trade Finance-as-a-Service (TFaaS) solution will be deployed via the cloud, enabling the bank to streamline its trade finance processes. The system offers straight-through message processing, workflow management, automated compliance, and reporting features, alongside multi-entity capabilities. These enhancements are expected to help the bank adapt swiftly to evolving market dynamics and regulatory requirements while offering faster turnaround times, improved accuracy, and greater visibility into transactions.
Tal Weiser, Chief Revenue Officer at Surecomp, emphasized that the adoption of DOKA-NG will significantly improve Bank of Ireland’s operational efficiency. Surecomp’s TFaaS solutions are already leveraged by leading institutions, including Bank BTPN in Indonesia, Commerzbank, and DZ Bank in Germany.
The initiative aligns with Bank of Ireland’s broader digital strategy. In July, the bank announced plans to recruit 100 technology specialists, focusing on cybersecurity, delivery management, data, engineering, and resilience functions. At the time, Ciarán Coyle, Group COO, highlighted the bank’s commitment to advancing a range of innovative digital projects aimed at delivering improvements for both customers and employees.
Owen Neary, who heads the bank’s trade finance division, continues to play a pivotal role in the bank’s trade finance transformation. With over 20 years of experience at Bank of Ireland, Neary brings a wealth of knowledge and leadership to this strategic initiative.
Bank of Ireland, which manages approximately €156 billion in assets, continues to position itself at the forefront of digital transformation in the banking sector.
