Toronto, Canada – 3 December 2025 – Surecomp® today announced that Barmag (Oerlikon Textile GmbH & Co. KG), part of the Swiss-based Oerlikon Group, has selected its award-winning RIVO™ platform to future-proof its trade finance operations. By shifting away from manual bank communication and document exchange, Barmag – a global market leader in manmade fibre production technologies for the textile, automotive, chemical and paint industries – will gain access to real-time, API and AI-powered digital connectivity.
Previously relying on Excel and email to process a high volume of trade finance transactions across its global network of subsidiaries – most notably using export letters of credit, guarantees and group guarantees – Barmag has chosen RIVO™ to automate this process, to centralize visibility, control and collaboration across its multiple banking partners.
A key factor in Barmag’s decision was Surecomp’s strategic commitment to AI and the platform’s rapid pace of innovation. Barmag plans to leverage AI-driven automation for tasks such as guarantee text validation, application processing and LC document checking, positioning itself at the forefront of digital trade finance transformation.
“At Barmag, we are continuously driving digitalization and efficiency across all aspects of our business”, said Martin Tomala, Barmag’s Head of Treasury. “With RIVO™, we are empowering our treasury team to work seamlessly with our banks, to accelerate response times and help drive better trade relations with our global customers and partners. The platform’s AI potential makes it an ideal partner for our future.”
“We’re excited to support Barmag’s transition to digital trade finance,” said Tal Weiser, Surecomp’s Chief Revenue Officer. “Their commitment to innovation and process efficiency aligns perfectly with our own, and by encouraging their banks to also join our extensive multi-bank RIVO network, they are not only enhancing internal operations but strengthening wider ecosystem collaboration – a model for other corporates looking to achieve trade growth and supply chain resilience.”
About Barmag
Since 2025, the Swiss Oerlikon Group – a global innovation leader in surface engineering, polymer processing and additive manufacturing – has continued its manmade fiber business as a subsidiary under the traditional name Barmag (Oerlikon Textile GmbH & Co. KG). Headquartered in Germany, Barmag provides cutting-edge technologies for the production of manmade fibres and precision metering pumps, serving industries including textiles, automotive, chemicals and painting. With operations spanning Europe, Asia, China, Turkey and the United States, Barmag employs 2500 worldwide and generates approximately EUR 800 million in annual revenue.Oerlikon (SIX: OERL) is headquartered in Pfäffikon, Switzerland. The Group has over 12,000 employees at 199 locations in 38 countries with sales of CHF 2.4 billion in 2024.
About Surecomp
Surecomp® is the market-leading provider of digital trade and supply chain finance solutions for corporates and financial institutions. An industry pioneer for nearly forty years, we enable seamless, sustainable trade by breaking down barriers and fostering collaboration. Our award-winning portfolio of cloud and on-premises solutions streamlines the trade finance lifecycle for frictionless transaction processing, enhanced risk mitigation, compliance, decision support and growth. Underpinned by numerous global offices and an extensive partner network, our prestigious customer footprint spans over eighty countries across the world. For more information visit surecomp.com.
Media Contacts:
Abby Bickford – Director of Marketing
Tel: +44 (0)7931 126616
Email: abby.bickford@surecomp.com
André Wissenberg – Head of Barmag Marketing, Corporate Communications & Public Affairs
Tel: +49 2191 67 2331
Email: andre.wissenberg@barmag.com