Mauritius Commercial Bank acquires Mitech trade finance technology

Mauritius Commercial Bank (MCB) selected Mitech’s Trade Risk Active Control (TRAC) system to strengthen its commodity trade finance business.

MCB provides its new system in the cloud

The new system will be deployed on a cloud infrastructure with the aim of going live this year.

Mitech CEO Michael Cohen Dumani says the deal is a “major milestone” for his company.

He adds: “We are expanding our geographic presence to meet Africa’s intense …

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