Raiffeisen Bank International opts for Surecomp’s collaborative trade finance platform

Raiffeisen Bank International (RBI) Partners with Surecomp: Key Points

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.