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Surecomp’s RIVO and WAVE BL Partner to Strengthen Digital Trade Finance Solutions

Surecomp’s RIVO and WAVE BL Partner to Strengthen Digital Trade Finance Solutions

(3 February 2023 – Canada) Global provider of trade finance solutions Surecomp has announced its partnership with digital platform WAVE BL to enhance online finance workflows.

This is made possible by offering customers the ability to access their electronic bills of landing in Surecomp’s hub RIVO.

The partnership allows the collaborative trade finance platform of Surecomp to integrate the solutions offered by WAVE BL, enabling corporates and businesses to receive and manage electronic bills of landing to cut costs while saving valuable time. RIVO can enhance the efficiency of the trade finance processes and improve the overall customer experience by offering encrypted and authenticated transfers of digital trade documents and files.

Wave BL is already connected to several container shipping companies around the world, such as ONE or ZIM and can share the data with their banks on the trade finance management platform.

Associated parties, including the buyer, seller, issuing bank and advising bank, can now digitally sign and exchange unique, original documents to eliminate courier costs, risk of fraud and penalty fees incurred at the dock, to drastically improve overall customer experience, environmental sustainability and business resilience.

It will add visibility and ease the document checking process for banks.

“This partnership is a win-win alliance that will radically drive forward the transformation of trade whilst rapidly increasing trade efficiency. It marks a key milestone in our mission to truly transform trade; including the streamlining of crucial trade finance flows,” said Wave BL’s VP of business development, Ofer Ein Bar.

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