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DZ Bank taps Surecomp for Collaborative Trade Finance Platform

By Gloria Methri

June 20, 2024

  • Digital Trade finance solutions
  • DOKA-NG
  • DZ BANK
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Surecomp, DZ Bank, Trade Finance, RIVO, DOKA-NG, FinTech, Germany, Europe DZ Bank in Germany has decided to digitise its trade finance operations by adopting Surecomp’s collaborative trade finance platform RIVO™.

The Frankfurt-based bank—which serves as a trade finance hub to corporate customers in its commercial bank function and those of the German cooperative financial network sector, will use RIVO™ for real-time corporate communication, transaction status transparency and accelerated trade finance issuance.

The platform will empower DZ Bank to facilitate smoother and faster funding transactions to both buyers and suppliers, enhancing liquidity and fostering stronger supply chain resilience for its customers.

The strategic decision to adopt RIVO™ is in line with the bank’s commitment to delivering superior customer experience based on secure technology hosted in Germany and Europe.

With native integration to Surecomp’s back-office DOKA-NG™ solution and centralized access to a host of innovative trade tech partner applications, RIVO™ offers DZ Bank and its customers a holistic trade finance experience. For example, the bank will use blockchain-based Enigio AB for robust and immutable digital guarantee exchange and another partner solution for document validity and verification.

“Adopting Surecomp’s RIVO™ represents a significant milestone in our mission to deliver superior trade finance services,” said Thomas Arendt, Head of Documentary Trade at DZ Bank. “Real-time access to this collaborative ecosystem will enable us to quickly and easily enhance our service delivery, revolutionizing customer experience while strengthening operational capabilities and giving us a competitive edge.”

“We are delighted to be supporting  DZ Bank in its drive to optimize trade finance customer experience,” said Yaron Hupert, SVP of Account Management at Surecomp. “RIVO is built to enable a fully digitized trade finance transaction process, ensuring unparalleled customer service while guaranteeing data privacy and security, GDPR compliance and industry-leading fraud mitigation, allowing DZ Bank to drive growth and bolster its regulatory and risk management capabilities.”

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