DNI Initiative – Enigio and Surecomp partner to support MLETR

We are delighted to share additional progress on the MLETR front.

Surecomp has decided to partner with Enigio – the Stockholm-based provider of digital original documents and member of ITFA’s DNI Initiative. 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 DNI Initiative 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.”

The DNI Initiative is one of ITFA’s strategic market initiatives which has established the most specialised community of technology firms, law firms, corporates, financial institutions, and policy stakeholders committed to digitise trade flows as per UNCITRAL MLETR-compatible laws and ITFA’s dDOC specifications. Reach out to André Casterman, Chair Fintech Committee, ITFA for enquiries on membership to ITFA’s DNI Initiative.