Surecomp® today announced the launch of its new collaborative trade finance platform RIVO™, bringing together an ecosystem of corporates, financial institutions, and fintechs.
The cloud-based solution is a digital hub through which participants can speed up the processing of any trade finance application to seize new business opportunities, improve efficiency, and drive sustainable, global trade.
RIVO™ is an API-based platform designed to connect the industry.
The solution assists the issuance and monitoring of trade finance instruments, enabling companies to finalize finance agreements and execute trade finance transactions within hours.
Accessed via an intuitive interface, participants have a range of subscription packages to meet current and future needs, including a free plan to get started.
Corporates can collaborate with any financial institution for centralised visibility of credit lines and utilisation across multiple jurisdictions.
Financial institutions can manage finance requests and deliver customer service to multiple corporates, not limited to their existing customer base.
The solution scope provides access to other fintechs in the trade ecosystem, enabling paperless processes, ensuring data quality, and bridging the interoperability challenge.
“We are extremely excited and proud to bring RIVO to the market,” Guy Perry, president and CEO at Surecomp, said.
“The platform was designed in full cooperation with industry-leading banks, corporates, and other financial institutions, who will continue working with us to ensure it remains fully aligned to market needs.
“We are committed to helping drive seamless and sustainable global trade and feel strongly that RIVO will play an integral role in removing barriers and facilitating collaboration.
“By bringing everyone together, we hope that the trade finance process will be immeasurably improved, reducing enormous overhead costs for financial institutions while unlocking liquidity and improving visibility for corporates.”