Surecomp said LBBW has gone live with its RIVO trade finance platform in Germany, introducing a digital system for the management of guarantees and letters of credit (LCs).
The deployment gives LBBW’s corporate customers a single digital channel to submit, monitor and manage trade finance applications, replacing fragmented manual workflows with a centralized process. The bank said the platform is designed to improve processing speed, transparency and operational efficiency across its trade finance operations.
The rollout comes as European banks continue modernising trade finance infrastructure to address rising transaction volumes, regulatory complexity and growing client demand for digital servicing.
Centralised Trade Finance Workflow
According to the announcement, RIVO automates the initiation, processing and management of guarantees and LCs through a unified platform. LBBW said the system creates a harmonised operating model across its trade finance business while reducing operational risk linked to manual processing.
The bank also expects the platform to support faster onboarding of corporate clients and provide scalability as transaction activity grows.
Thomas Lehmpuhl, Head of Cash Management & Trade Finance at LBBW, said the platform introduces a self-service model that simplifies guarantee and LC applications while allowing customers to track requests in real time.
@Moritz Lerzer, Head of Innovation and Transaction Management at LBBW, said the implementation forms part of the bank’s wider trade finance digitalisation strategy, with Surecomp remaining a strategic technology partner for the institution.
Banks Continue Push Toward Trade Finance Digitisation
Trade finance remains heavily dependent on paper-based documentation and manual verification processes, particularly in guarantees and documentary credits. Banks across Europe and Asia have accelerated investments in digital trade platforms as corporate clients increasingly demand faster turnaround times and greater visibility into transaction status.
The shift is also intensifying competition among trade finance technology providers offering workflow automation, digital documentation and client self-service capabilities to banks seeking to modernise legacy infrastructure.
About Surecomp: Surecomp is a trade finance technology provider offering digital trade finance and treasury solutions to banks and corporates.
Digital Trade Outlook Analysis
The LBBW deployment highlights how banks are moving beyond pilot projects and embedding digital trade finance infrastructure into core client operations. Guarantees and letters of credit remain among the most document-heavy trade products, making workflow automation a priority area for banks trying to reduce operational friction and processing delays.
The deal also reflects growing competition in trade finance technology, where banks are increasingly selecting scalable platforms that can support both regulatory requirements and corporate self-service expectations.
Source: Surecomp announcement.