Interoperability Between Digital Trade Finance Solutions On The Rise

Trade is the engine of the global economy, but trade financing is complex and traditionally reliant on paper. One pain point for many financial institutions has been the lack of a network to support collaborative workflows within the trade ecosystem, and a lack of interoperability between solutions.

Surecomp today (March 16) announced that it is partnering with Contour, one of the global digital trade finance networks, as part of a collaborative vision to drive the digital transformation of trade finance across financial institutions.

Surecomp has over 35 years of expertise in digitising trade finance processes and its integration with Contour’s decentralised network of banks and corporates will provide users with a fully integrated end-to-end trade service solution.

Through the collaboration with Surecomp’s trade finance platform RIVO, Contour’s member banks will be able to access digital Letter of Credit workflows directly on Surecomp’s back-office applications, providing straight-through automated processing, reducing costs, improving operational efficiency and optimising profitability.

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/interoperability-between-digital-trade-finance-solutions-on-the-rise

#digitaltradefinance #Surecomp #Contour #tradefinance #LetterofCredit #NgulminthangLhanghal