By implementing RIVO™, LBBW is introducing a fully automated, centralized solution for the initiation, processing and management of these products, enabling corporate customers to submit, track and manage guarantee and LC applications through a single digital channel. This provides a seamless, end-to-end customer experience that significantly improves transparency, efficiency and turnaround times.

RIVO’s functional coverage allows LBBW to create a harmonized digital setup across its trade finance business. This contributes to standardizing the process landscape, reducing operational risk and accelerating processing. RIVO™ further provides LBBW with a highly scalable platform to handle increasing transaction volumes and to enable the rapid onboarding of new customers.

“RIVO is empowering our customers with a modern, intuitive self-service that simplifies the application process of guarantees and LCs and provides real-time visibility into request status,” says Thomas Lehmpuhl, Head of Cash Management & Trade Finance at LBBW.

Moritz Lerzer, Head of Innovation and Transaction Management at LBBW adds: “With RIVO as another key component, LBBW is further expanding its digitalisation strategy and offering in Trade Finance. Surecomp is and will be an important strategic partner for us in this regard.”

“This important milestone reinforces LBBW’s position as an innovative bank providing its customers with state-of-the-art digital trade finance solutions,” says Tal Weiser, Surecomp’s Chief Revenue Officer. “With RIVO™, LBBW is gaining a powerful next-generation trade finance management platform, delivering tangible benefits both for the bank and for its corporate customers.”