Kapiti, the London-based banking software developer, recently acquired the rights to Express, software that helps banks' corporate customers manage their international trade finance activities.
Express complements Kapiti's existing portfolio of products, which includes Eximbills, a trade finance system.
"Express will provide our banking clients with a sales tool that adds value and further extends the scope of their own customer service offerings," said Steve Anderson, Kapiti's product director for corporate banking.
Express was developed by Tseng Technology Inc., specialists in trade finance technology. Tseng Technology is located in Seattle.
Mr. Anderson said Express has already been licensed to two banks, one in Thailand and another in the United States. The United States bank, which Mr. Anderson declined to name, is the site for the final stages of beta-testing.
Express is personal computer software that is capable of running in DOS or Windows environments.
Works with Other Packages
Designed as an advanced messaging system, Express enables a corporate customer to access a bank's trade finance system to check the progress of a trade finance transaction. It also allows corporations to communicate with one another using standard protocols for electronic data interchange.
In addition to providing an interface with Kapiti's own Eximbills system, Express can be integrated with trade finance packages from other suppliers.
Express can also provide a messaging link between correspondent banks. Mr. Anderson said that this facility was partiCularly useful for smaller banks with little or no expertise in trade finance.
He added that Express was a helpful tool for establishing communications links between a bank's branches and its regional offices.
Ms. Sullivan is a freelance writer based in New York.