- RMB selects Surecomp’s Trade Finance-as-a-Service (TFaaS) platform to digitise operations
- Initial rollout in South Africa, with global expansion to follow across key markets
RMB adopts Surecomp’s cloud platform to transform trade finance
Rand Merchant Bank (RMB), a corporate and investment banking arm of FirstRand Group in South Africa, has selected Surecomp’s flagship Trade Finance-as-a-Service (TFaaS) platform to upgrade its trade finance operations and support its international footprint.
The decision marks a strategic shift for RMB as it transitions to a fully cloud-based, SaaS-native model, aiming to streamline workflows, reduce capital expenditure, and enhance cost predictability.
According to Surecomp, TFaaS enables real-time processing, improved compliance with SWIFT messaging standards, and greater transparency throughout the trade lifecycle. The rollout will begin in RMB’s home market of South Africa, with subsequent deployments planned across its global network.
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Why it’s important
The move reflects growing momentum in the banking industry toward cloud-based platforms that offer flexibility, scalability, and regulatory assurance. By adopting TFaaS, RMB positions itself at the forefront of trade finance digitalisation on the African continent.
As a bank that operates in 35 countries across Africa and maintains international offices in the UK, US, India, and China, RMB requires a scalable infrastructure that supports increasing transaction volumes. The adoption of TFaaS not only prepares the bank for growth but also ensures compliance with evolving international standards.
Importantly, this implementation helps reduce operational risk by automating processes traditionally burdened by manual input, while also delivering enhanced efficiency to RMB’s corporate clients.
The partnership with Surecomp underlines the critical role of SaaS platforms in modernising trade finance—an area often slowed by legacy systems. RMB’s decision signals how leading African financial institutions are embracing global fintech solutions to remain competitive in a fast-evolving digital economy.
