MIT transforms into MITECH

MIT Make Intuitive Tech SA (MITECH) company has been created following the successful family transition of MIT Micro Informatique et Technologies SA (MIT), a family-owned business designing Trade Finance software solutions for banks since 1984.
 
Paul Cohen-Dumani, former General Manager of MIT has been appointed President of MITech. He is joined by Michael Cohen-Dumani, former Director at Procter & Gamble who will act as CEO of MITech.
 
All employees of MIT, specialized professionals in Banking, Finance International Trade and Computer Science have joined the newly formed company MITECH ensuring a smooth transition maintaining and leveraging its extensive market knowledge and 36 years’ experience in commercializing complex Trade Finance software.
 
MITech will continue to serve its solid portfolio of Swiss, European, Middle Eastern and Asian clients.
 
MITech key products consist of CREDOC 5G ™, the company’s flagship back-end Trade Finance solution, newly upgraded and relaunched in its 5th generation version, as well as TRAC ™, the revolutionary Trade Commodity Finance Collateral Management system. Both systems are designed to dramatically improve Trade Finance process productivity and compliance to the latest standards.
 
About MITech (www.mitsa.ch)

MIT Make Intuitive Tech SA (MITech) is an independent Swiss company specialized in the development of Trade Finance software solutions for Bankers, such as the famous CREDOC installed in Prestigious Banks in Switzerland, the European market, and the Middle East. MITech is headquartered in Lausanne, Switzerland with a regional office in Singapore.

Its key products consist of:
 
  • CREDOC 5G ™, fifth generation of our historical flagship product that launched in 1993. CREDOC 5G is a Rich Web Client, multi-entity (Branch/bank), multi-time zone, and multi-language/alphabet system. It was designed using a modern “Service oriented” architecture embedding best of breed “Workflow Engine”, “Rules Engine”, and “Business Activity monitoring” components. CREDOC 5G is truly “agnostic” in terms of underlying Operating System, Application Server, and Database. Since its launch in September 2019, CREDOC 5G has already been licensed by three financial institutions including Bankmed (Suisse) SA.
     
  • TRAC ™ (Trade Commodity Finance Collateral Management system). Its purpose is to replace the Excel spreadsheet widely used in the Trade Commodity Finance sector to monitor Credit Facilities. Its key benefits being increased productivity within banks with dramatic compliance improvements in the area. The product has already been adopted by prestigious Banks including NATIXIS, UBS, OCBC, and MUFG among others.