MUFG Strengthens Transaction Banking Digital Capabilities in EMEA with Surecomp’s RIVO
Published: December 03, 2024
MUFG is pleased to announce further efforts to strengthen its digital trade finance capabilities by adding Surecomp’s RIVO platform as its new trade finance multibank channel, complementing MUFG’s existing third-party channels in EMEA.
As clients examine ways to improve efficiency and effectiveness of their financing processes, MUFG remains committed to facilitating these improvements by streamlining trade finance through onboarding tools and technologies that drive this change. As part of this, MUFG is enabling digitised solutions for manual processes such as handling trade documents, data tracking and scoring and managing expiry and trigger events.
The RIVO digital hub’s open API provides MUFG’s corporate clients with universal access to counter party importers, exporters, banks, insurers and shipping companies. In this way, MUFG will facilitate clients’ faster access to trade finance requests, communicate with customers in real-time and expedite issuance of documents like guarantees and letters of credit.
Vanessa Manning, Head of Transaction Banking, MUFG EMEA, said: “We are committed to supporting our clients to drive operational agility and efficiency. We want to provide them with the tools they need to successfully deliver “real economy” growth across the footprint of their operations.
Alwin Vande Loock, Head of Transaction Banking Product Management EU/EEA, said “Digitisation is essential in enabling success through streamlined output and increased efficiency so we are pleased to be offering further solutions to meet these needs.”
Tal Weiser, Chief Revenue Officer, Surecomp, said: “We are pleased to partner with MUFG in our ambition to empower financial institutions to enhance efficiency, reduce risk and deliver superior customer service. We look forward to helping MUFG advance their trade finance operations and support them in achieving their strategic objectives to deliver exceptional results.”