Investec Selects Surecomp to Support Its Digital Trade Finance

Investment banking and wealth management firm Investec has tapped the market leader in digital trade finance solutions for banks and corporations, Surecomp, for its automated end-to-end trade finance processing technology.

Investec has selected Surecomp's Trade Finance-as-a-Service (TFaaS) offering to support its newly formed trade finance business, with the tech firm's cloud-based DOKA-NG and RIVO solutions allowing the bank to execute trade finance requests from its customers across the world.

Under the Africa Continent Free Trade Agreement (AfCFTA), the demand for trade finance across Africa is expected to increase significantly with the removal of fee-based barriers. Investec intends to capitalise on this demand with Surecomp's solution.

George Wilson, Head of Trade Finance at Investec, said: "We decided to set the standard for digital client experience by ensuring we are well equipped with both back-end internal trade finance processing and interactive client communication."