Raiffeisen Bank International (RBI) Partners with Surecomp: Key Points
- Partnership Details:
- RBI has selected Surecomp, a Canadian trade finance solutions provider, to digitize its operational processes for guarantees and letters of credit.
- RBI will use Surecomp’s collaborative trade finance platform, RIVO.
- Technology and Hosting:
- RIVO is a Software-as-a-Service (SaaS) solution hosted by Amazon Web Services (AWS).
- The platform will enable RBI to offer a fully digital workflow and enhanced processes for global corporate customers.
- Features and Benefits:
- RIVO will support the issuance of trade instruments, client onboarding, transaction management, and paperless processing.
- The integration is designed to be seamless, without requiring internal IT resources from RBI.
- Growth and Market Development:
- Sabine Zucker, head of group transaction banking at RBI, stated the partnership will facilitate the bank’s growth and allow focus on developing new markets.
- RBI remains active in 12 markets across Central and Eastern Europe.
- Surecomp’s Industry Presence:
- Since launching RIVO in 2022, Surecomp has secured multiple deals to strengthen its position in the trade finance industry in Europe.
- Notable partnerships include deals with Investec, servicing the UK and South Africa, and DZ Bank in Germany.
