MUFG strengthens Transaction Banking digital capabilities in EMEA with Surecomp — RIVO™

MUFG has further strengthened 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.

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