MineHub, Surecomp join forces

Staff reporter

Canadian firms MineHub Technologies and Surecomp will work together to integrate their commodity supply chain management and finance platforms under a new partnership agreement.

The alliance would see MineHub embedded into Surecomp’s Rivo platform, launched in 2022 as a collaborative digital hub providing open API access to importers, exporters, banks, insurers, shipping companies and other digital solution providers.

“Seamless integration between both platforms will visualise key data allowing commodities firms to unlock new opportunities for trade finance efficiency, transparency and security,” MineHub said.

“Customers will be able to streamline document management, communicate in real-time with trade counterparts, gain instant transaction visibility, monitor fraud risk and track ESG compliance, all of which will enable faster access to finance, supply chain resilience and sustainability.”

Enno-Burghard Weitzel, chief solutions officer with Toronto-based Surecomp, said the integration would facilitate real-time access to favourable trade finance, “allowing many commodity traders to accelerate trade flows and reduce costs, reducing the risk of logistics disruption, paper-based inertia and fraud risk exposure”.

“In welcoming MineHub to the Rivo platform and embedding trade finance into the commodities supply chain, we are continuing our mission to enable seamless, sustainable trade for everyone,” he said.

Surecomp last month announced it had signed a partnership agreement to integrate Cleareye.ai’s artificial intelligence-based trade compliance solutions with Rivo.

Surecomp had more than 20 institutions, including banks, corporates and insurers, signed up to use Rivo platform and “many more” were in the process of joining, Weitzel said at the time.


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