Surecomp Further Expands Electronic Trade Document Connection with CargoX Partnership

Published: November 29, 2023

Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralised access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process.

Operating its own independent Blockchain Document Transfer (BDT) platform, CargoX is used by 117,000 businesses on a daily basis for encrypting and transferring electronic trade documents across the globe. Since its inception in 2018, the BDT platform - typically used by shipping, logistics and government entities - has sent in excess of 5.5 million documents. Its rapid expansion is attributed to ease of use, akin to email or e-banking, military-grade encryption and real-time transfer times. By expediting the digital exchange of documents such as bills of lading, customers are benefiting from substantial time and cost savings with optimal security.

“Our partnership with Surecomp is instrumental in facilitating significant progress in the industry’s efforts to become more secure, efficient, and sustainable,” says Peter Kern, VP Sales at CargoX. “Our customers and now customers of RIVO, know they are using the most secure trade document transfer service, and in doing so are promoting trust and transparency in global trade.”

“A digital hub enabling the trade finance process to be seamlessly processed in one place, the value of RIVO is in providing centralised access to functionality for every step,” explains Enno-Burghard Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development. “The transfer of electronic trade documents is absolutely fundamental, which is why we are delighted to welcome CargoX as another key industry provider in this space.”

About CargoX
CargoX is a leading innovator in digital trade solutions and the independent provider of the CargoX Platform for Blockchain Document Transfer (BDT) - a neutral blockchain-based original document transaction solution for global economic operators and governmental entities. For more information on CargoX visit:  www.cargox.io

About Surecomp
Surecomp® is a leading provider of digital trade finance solutions for corporates and financial institutions. An industry pioneer for thirty-five years, we enable seamless, sustainable trade by breaking down barriers and fostering collaboration. Our award-winning portfolio of cloud and on-premises solutions streamlines the trade finance lifecycle for frictionless transaction processing, enhanced risk mitigation, compliance, decision support and growth. Underpinned by numerous global offices and an extensive partner network, our prestigious customer footprint spans over eighty countries across the world. For more information visit surecomp.com.