Toronto, Canada, 2 September – Surecomp® today announced that Yunex Traffic, a global leader in intelligent traffic solutions, has selected its award-winning RIVO™ platform to digitize and streamline the management of its global portfolio of bank guarantees.
Yunex Traffic operates in over 40 countries and provides cutting-edge traffic management and road safety systems, contributing to safer, more sustainable and more efficient mobility worldwide. As a critical infrastructure provider with a large-scale, international supply chain, Yunex Traffic is committed to enhancing efficiency and control over its trade finance operations.
In managing its many monthly guarantees with multiple credit lines across multiple jurisdictions, Yunex Traffic faced an increasing need for speed, accuracy, visibility and resilience amid growing complexity due to global trade tariff volatility. To mitigate risk and reduce dependency on higher-risk suppliers, the company is strategically diversifying its trading partners and adopting more varied forms of guarantees such as bid and performance guarantees.
As the demand for cloud-based digital trade finance solutions accelerates, Yunex Traffic is one of many multinational corporates prioritizing a centralized, digital hub, to enable seamless, sustainable trade and manage an increasingly dynamic global trade landscape.
“We are very excited to be moving away from the insecure and manual process of emailing documents back and forth with our banks,” said Raymon Danser, Head of Treasury at Yunex Traffic. “Our decision to deploy RIVO™ was heavily influenced by its ease of use, and the ease with which our banks can also join the platform. There is no room for error, lag or friction with our trade transactions, so mitigating these risks is key for us to future-proof and grow.”
“We are delighted to welcome Yunex Traffic to our RIVO ecosystem,” said Tal Weiser, Chief Revenue Officer at Surecomp. “Raymon and his team will benefit greatly from collaborative communication, global transparency and real-time actionable insights. RIVO™ will also empower its banks to enhance their customer service, delivering value to all stakeholders in the trade finance ecosystem.”