Tuesday, July 23, 2024
23.6 C
New York

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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Boku names former NatWest exec Rob Whittick as new CFO

Key Points:Company Background:Headquarters: London and San Francisco ...

CFPB proposes new rule to include payday advances under Truth in Lending Act

Key Points:Proposed Rule:Payday loan advances would be...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led...

US fintech Coast bags $40m Series B for product, partnership and team expansion

Key Points:Investment Details:Total Raised in Series B:...

Black Hills Federal Credit Union tasks NCR Atleos with ATM management in new agreement

Black Hills Federal Credit Union (BHFCU) Partners with NCR...

RTGS.global co-founder and CTO Andrew Smith announces departure

Andrew Smith to Depart RTGS.globalPosition: Co-founder and Chief...

Related Articles

Popular Categories

spot_imgspot_img