BBVA taps Surecomp’s RIVO to modernise global trade operations

By Vriti Gothi

BBVA has expanded its digital trade finance capabilities by integrating Surecomp’s RIVO™, a multi-bank platform designed to streamline processing, enhance visibility and centralise communication for corporate clients engaged in international trade. The move reflects the bank’s broader strategy to modernise its global trade operations through greater interoperability and real-time connectivity.

With RIVO™, BBVA’s corporate customers will be able to submit applications for letters of credit and guarantees entirely online, while consolidating interactions with multiple financial institutions via a single portal. The platform aims to reduce operational friction in trade documentation and support more efficient, secure and traceable cross-border transactions.

The integration adds to BBVA’s ongoing digital initiatives, which include developing API-driven infrastructure and exploring new connectivity models such as a guarantees-management pilot through Swift’s Gateway, unveiled earlier this year at Sibos. These efforts signal the bank’s intent to play a more prominent role in shaping the next generation of digital trade networks.

“At BBVA, we understand that digitalisation is not just about adopting new technologies, but about transforming the way we engage with our clients,” said Francisco Fernández de Trocóniz, Head of Global Trade & International Banking at BBVA. “This initiative strengthens our value proposition, which is built on connecting knowledge and technology to support companies in their international growth with maximum flexibility and security.”

 “BBVA’s adoption of RIVO™ strengthens our commitment to fostering a more connected and efficient trade ecosystem,” said Tal Weiser, Chief Revenue Officer at Surecomp. “We are pleased to collaborate with a forward-looking financial institution like BBVA and to support the digitalisation of their trade finance operations in an increasingly dynamic environment.”