Cargo monitoring firm launches IoT-led trade finance service

Arviem, a technology company that uses internet of things (IoT) sensors to monitor cargo, is expanding its business to help financiers optimise their lending patterns and bring more financing to SMEs based on the vast data it is collecting. The Switzerland-based company is one of the first in the world to integrate logistics IoT data into a commercial trade finance service. Founded in 2010, Arviem helps firms around the world track and trace their goods by installing smart IoT sensors on containers and cargo. The sensors collect data on anything from the location of the goods-to-door status, to disturbances and conditions such as humidity and temperature.