Swedbank initially licensed IMEX, Surecomp's SWIFT ReadyGold, Bolero accredited back office trade finance system in 2003. Announcing that Swedbank's first trade finance customer had gone live with NetIMEX, Ulf Myllenberg the Bank's Trade Finance/IT Systems Manager said: "Following the successful implementation of IMEX and its integration into the Bank's back office we quickly understood that in order to grow profit levels and stay ahead in a market that is becoming ever more competitive we needed to extend the range of our trade finance services. Responding to our corporate clients call for an Internet-based trade finance customer front-end, we reviewed a number of possible solutions.