BBVA adds Surecomp’s RIVO™ to its digital offering to drive trade finance transformation

As part of its digital transformation strategy, BBVA has incorporated a new digital channel to strengthen its international trade proposition, providing greater efficiency, traceability and operational security for its corporate clients. The solution is RIVO™, the multi-bank platform developed by Surecomp, which is aimed at helping companies streamline their trade finance transaction processing, gain real-time ecosystem connectivity and enhance service delivery.

By joining RIVO, BBVA adds this multi-bank platform to its suite of international trade finance solutions. With this tool, companies can submit applications for the issuance of letters of credit and guarantees entirely online, while centralising their interactions with multiple banks through a single portal. This provides enhanced agility, traceability and security in their international operations.

This initiative is part of BBVA’s strategy to position itself as a leading player in the digitalization of international trade business, through a range of initiatives that foster interoperability and connectivity. Among these is the development of a more open and efficient infrastructure to connect with clients via APIs, such as the potential guarantees management pilot through Swift’s Gateway, announced at Sibos this year and in which Surecomp is also participating.

“At BBVA, we understand that digitalisation is not just about adopting new technologies, but about transforming the way we engage with our clients,” says Francisco Fernández de Trocóniz, Head of Global Trade & International Banking at BBVA. “This initiative strengthens our value proposition, which is built on connecting knowledge and technology to support companies in their international growth with maximum flexibility and security.”

“BBVA’s adoption of RIVO strengthens our commitment to fostering a more connected and efficient trade ecosystem,” said Tal Weiser, Chief Revenue Officer at Surecomp. “We are pleased to collaborate with a forward-looking institution like BBVA and to support the digitalisation of their trade finance operations in an increasingly dynamic environment.”

Through this partnership, BBVA CIB reinforces the digital transformation of its trade finance business and its role as a strategic partner for companies expanding globally.