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Arvato Financial Solutions has invested in the Swiss logistics digitization and TradeTech pioneer Nexxiot. This continues Bertelsmann’s financial service provider’s strategy of improving the precision and reliability of global supply chains through targeted investments in innovative, data-driven solutions.
(Gütersloh/Zürich) The groundbreaking partnership, in which Arvato Financial Solutions is a shareholder of Nexxiot, sets new standards for global freight transparency. By leveraging digital technologies and AI-powered cloud solutions, accountability in intermodal freight networks is ensured while simultaneously strengthening customer trust in more than 160 countries.
“Financial services and global logistics are closely intertwined. Containers, freight cars, and the cargo they contain represent significant financial investments that need to be protected with minimal risk and low operating costs,” explains Jan Altersten, Chief Executive Officer of Arvato Financial Solutions. “We see a tremendous opportunity to transform the global freight shipping industry through the use of digital solutions and the application of AI based on big data. We are excited to be an investor in Nexxiot and to accelerate the digital revolution in shipping and rail,” Altersten adds.
Ideal Partner for Development
Stefan Kalmund, CEO of Nexxiot AG, states: “As an important global player known for its digital innovations, Bertelsmann’s Arvato Financial Solutions is the ideal partner for developing an intelligent freight shipping platform that meets the current and future demands of trade. Furthermore, Nexxiot is already the leading digital cargo transformation tool in Europe, and this partnership promises to expand our position globally.”
Nexxiot is already creating significant added value for cargo owners in the supply chain. By providing precision IoT hardware, software applications, and advanced analytics, Nexxiot’s technology is relevant for fleet owners, freight forwarders, and cargo owners alike. Together with the financial expertise and high industry standards of Arvato Financial Solutions, customers will benefit from comprehensive freight and transaction transparency from a single source, which includes movements, handling, quality, and origin, among other things. The technology also enables the automation of processes and the design of new business models that are highly results-oriented, thus meeting the needs of digital trade participants worldwide.
“Know Your Cargo” Transforms Global Shipping
Just as the financial services sector has been transformed by international “Know-Your-Customer” (KYC) standards in terms of efficiency and traceability, the partnership between Arvato Financial Solutions and Nexxiot promises radical new KYC advantages for global trade through shipping and freight transport – “Know Your Cargo.”
The incidents of 2021 demonstrated that current cargo transparency standards are no longer sufficient. Seven cargo ships were destroyed by fires attributed to cargo declaration procedures. When critical processes are handed over to third parties worldwide, freight forwarders need reliable guarantees from customs authorities, insurers, and owners to ports and terminals. Advanced digital services ensure the quality, safety, and sustainability of cargo and are essential for controlling risks such as damage, loss, theft, illegal trade, or the transport of dangerous goods.
Transparency Leads to Optimized Processes
To fully realize “Know Your Cargo,” raw data from state-of-the-art hardware must be combined with advanced and secure platform analytics to provide stakeholders with stable added value. The resulting transparency will lead to optimized processes and create better standards and business models. As a pioneer in new global megatrends, Arvato Financial Solutions recognized this emerging market and responded by developing the “Customer-Information-Network-Intelligence” platform Cinfoni. In combination with Nexxiot’s powerful Connect Intelligent Cloud, a new paradigm for accountability in the freight sector is being defined.
Photo: © Nexxiot
