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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.

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