Trade finance software and solutions provider Surecomp has announced that it is partnering with Enigio, a Stockholm-based provider of digital original documents.

The digital document technology aims to allow Surecomp's customers to create, manage and exchange digital trade documents such as letters of credit (L/Cs) and bank guarantees in their original state with the expectation that they will behave and perform exactly as any paper based original.

Target users

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 manage digital negotiable instruments, documents of title and other trade documents, with the assurance that their content has not been manipulated or altered.

The solution enables a secure trade finance process with the significant cost-efficient and environmental improvements associated with eliminating a paper-based process.

Accessible back office

Surecomp's back-office trade finance solution, DOKA-NG, is a cloud-based software as a service specifically designed to enable smaller and mid-sized banks to improve their trade finance processing efficiencies.

By automating the processing of L/Cs and guarantees, banks that may not have previously had the resources available, can now use this solution to digitise their operations.

Easy to on-board, with little to no reliance on internal IT, the solution can be delivered without customisation within 10 weeks according to Surecomp.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.