Surecomp Launches API Trade Finance Platform
Trade finance solution provider Surecomp is launching an application programming interface (API)-based trade finance platform designed to create a collaborative ecosystem of corporates, financial institutions and FinTechs.
Called RIVO, the platform enables collaboration between corporates and financial institutions for “centralized visibility of credit lines and utilization across multiple jurisdictions,” according to a press release Wednesday (May 18).
Surecomp President and CEO Guy Perry said RIVO was developed in cooperation with some of the biggest banks, financial institutions and corporates, “who will continue working with us to ensure it remains fully aligned to market needs.”
He added that RIVO will play an important part in driving Surecomp’s commitment to sustainable global trade while also “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,” Perry said.
Read more: https://prnewsdistribution.co.uk/surecomp-launches-api-trade-finance-platform
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