MineHub Partners with Surecomp to Transform Digital Trade Finance for the Commodities Sector
MineHub Technologies has partnered with Surecomp to enhance digital trade finance for the commodities sector. The MineHub platform will be embedded into Surecomp's RIVO™ solution, enabling improved efficiency, transparency, and security in trade finance. This integration will allow commodity firms to streamline document management, communicate in real-time, gain transaction visibility, monitor fraud risk, and track ESG compliance. This partnership aims to expedite access to finance, boost supply chain resilience, and support sustainability. The collaboration is seen as a transformative step in shaping the future of trade finance in the commodities market.
- Partnership with Surecomp enhances MineHub's platform capabilities.
- Integration with Surecomp's RIVO™ solution improves trade finance efficiency.
- Enhanced transparency and security in commodities trade.
- Real-time communication and instant transaction visibility features added.
- Fraud risk monitoring and ESG compliance tracking introduced.
- Potential for faster access to finance for commodity firms.
- Boosts supply chain resilience and sustainability.
- Opportunity to shape the future of trade finance in the commodities sector.
- No specific financial figures or growth projections provided.
- The success of the partnership is contingent on effective integration.
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBD) ("MineHub"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce a partnership with Surecomp, a global leader in digital trade and supply chain finance solutions. This collaboration will see the MineHub platform embedded into Surecomp's innovative and award-winning RIVO™ solution, to revolutionize digital trade finance specifically for the commodities sector.
Seamless integration between both platforms will visualize key data allowing commodities firms to unlock new opportunities for trade finance efficiency, transparency, and security. 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.
Andrea Aranguren, President & CEO of MineHub stated, "We are excited to partner with Surecomp to empower our users to drive greater efficiency and value across the commodities supply chain. As MineHub and Surecomp embark on this partnership, we look forward to delivering transformative solutions that will shape the future of trade finance in the commodities sector."
"Global trade is set to grow this year, despite the current geo-political and economic landscape," says Enno-Burghard Weitzel, Surecomp's Chief Solutions Officer. "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. By removing the technological barriers and fostering collaboration, we are facilitating real-time access to favorable 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."
About Surecomp
Surecomp® is the market-leading provider of digital trade finance solutions for corporates and financial institutions. An industry pioneer for over thirty-five 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.
Surecomp Media Contact:
Abby Bickford - Director of Marketing
Tel: +44 (0)7931 126616
Email: abby.bickford@surecomp.com
About MineHub Technologies
MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.
For further information regarding MineHub, please email info@minehub.com or visit our website at www.minehub.com. Tel: (604) 628-5623
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to MineHub including, but not limited to, statements with respect to MineHub's future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR profile at www.sedar.com. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209014
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