RIVO network grows as banks join Surecomp's trade finance platform

Surecomp has revealed that the new additions to the RIVO ecosystem include Crédit Agricole CIB in France, Danske Bank in Denmark, and Mizuho in Europe, all of which are now using this collaborative trade finance platform.

The inclusion of these banks highlights RIVO's expanding influence and its ability to improve efficiency, transparency, and connectivity within the trade finance sector. These financial institutions are now integral members of the Surecomp global network, dedicated to facilitating simplified and sustainable trade by eliminating obstacles and promoting collaboration through digital trade finance processing.

Officials from Danske Bank emphasised that digital transformation is important for the future of their trade finance operations. By upgrading their internal workflows, enabling digital document exchange, implementing real-time tracking, and automating compliance checks, they aim to reduce operating costs and focus on customer retention and growth.

Trade platforms in Canada

Trade platforms work towards making advancements in transforming how businesses engage in international trade. By using technology and digital solutions, these platforms simplify complex processes, reduce paperwork, and upgrade the overall transparency of transactions.

Canadian trade finance platforms are particularly beneficial for small and medium-sized enterprises (SMEs) looking to expand their global reach. They offer tailored financial solutions that help mitigate risks and provide access to necessary capital, ensuring that businesses can operate efficiently and competitively in the international market.

Furthermore, these platforms often incorporate features such as real-time tracking, automated documentation, and secure payment gateways, which simplify operations and improve reliability. As Canada continues to strengthen its position in the global trade landscape, these digital platforms play a significant role in facilitating cross-border commerce and fostering economic growth.