Surecomp has announced that it is partnered with Enigio – the Stockholm-based provider of digital original documents.
Enigio’s trace:original solution will be embedded into Surecomp’s cloud-based solutions to provide financiers, corporate traders, insurers and other trade participants with the ability to create and fully manage digital negotiable instruments, documents of title and other trade documents, all with the assurance that their content has not been manipulated or altered.
The digital document technology integrated through open-API connectivity, will allow Surecomp’s customers to create, manage and exchange digital trade documents such as Letters of Credit and Bank Guarantees in their original state, knowing they will behave and perform exactly as any paper based original.
The fully ITFA, DNI and MLETR-compliant solution enables a secure and expedited trade finance process with the significant cost-efficient and environmental improvements associated with eliminating a paper-based process.
“We see this partnership as critical to the evolution of creating an industry standard for digital trade,” explains Patrik Zekkar, CEO at Enigio. “As one of the leading process automation technology providers, it means Surecomp together with Enigio, can now provide customers with the confidence to digitize trade documentation with interoperability and MLETR-compliance without the worry of lagging behind.”
“Our customers rely on us to enable them to carry out their trade finance transactions in the most efficient, cost-sensitive and sustainable way,” says Enno-Burghard Weitzel, Surecomp’s SVP of Strategy and Business Development. “This new collaboration is another key stride forward in continuously enhancing the value Surecomp brings to our corporate and bank customers using our Trade-Finance-as-a-Service cloud-based solutions.”
