Barmag Selects Surecomp’s RIVO for AI-Powered Digital Trade Finance

Published: December 04, 2025

Surecomp announce that Barmag, part of the Swiss-based Oerlikon Group, has selected its award-winning RIVO platform to future-proof its trade finance operations.

By shifting away from manual bank communication and document exchange, Barmag - a global market leader in manmade fibre production technologies for the textile, automotive, chemical and paint industries - will gain access to real-time, API and AI-powered digital connectivity.

Previously relying on Excel and email to process a high volume of trade finance transactions across its global network of subsidiaries - most notably using export letters of credit, guarantees and group guarantees - Barmag has chosen RIVO to automate this process, to centralise visibility, control and collaboration across its multiple banking partners.

A key factor in Barmag’s decision was Surecomp’s strategic commitment to AI and the platform’s rapid pace of innovation. Barmag plans to leverage AI-driven automation for tasks such as guarantee text validation, application processing and LC document checking, positioning itself at the forefront of digital trade finance transformation.

“At Barmag, we are continuously driving digitalisation and efficiency across all aspects of our business”, said Martin Tomala, Barmag’s Head of Treasury. “With RIVO, we are empowering our treasury team to work seamlessly with our banks, to accelerate response times and help drive better trade relations with our global customers and partners. The platform’s AI potential makes it an ideal partner for our future.”

“We’re excited to support Barmag’s transition to digital trade finance,” said Tal Weiser, Surecomp’s Chief Revenue Officer. “Their commitment to innovation and process efficiency aligns perfectly with our own, and by encouraging their banks to also join our extensive multi-bank RIVO network, they are not only enhancing internal operations but strengthening wider ecosystem collaboration - a model for other corporates looking to achieve trade growth and supply chain resilience.”