Complidata

Our CEO Ben Arber sat down with Pamela Mar, Managing Director of the Digital Standards Initiative at the International Chamber of Commerce, last month at Sibos 2024 to decode what's really happening behind the scenes of trade's digital transformation. ✨ The numbers speak volumes: 37% of global GDP now aligns with MLETR protocol, with another 26% committed. This is what momentum looks like in trade finance." Key insights: ▶️ We've reached a digital trade tipping point where regulation, technology, and market readiness are finally converging ▶️ Governments are evolving from regulators to active facilitators of change ▶️ A groundbreaking standardisation framework is emerging that spans the entire supply chain ▶️ Tech capabilities have reached new heights with 98% extraction accuracy in document processing Want to see what the future of trade finance looks like? Read the full recap of the conversation here: https://lnkd.in/dgea7G3v #Sibos2024 #TradeFinance #DigitalTrade #Innovation

🎉 Our CEO Ben Arber tops Trade Finance Global (TFG)’s "Top Stories" of 2024! Ben’s article, “Generative AI & LLMs in Trade Finance: Believe the Hype? Well, Most of It”, dives into how generative AI and large language models are reshaping the trade finance landscape. The fact that it’s captured so much attention shows just how critical these technologies are in driving innovation and addressing industry challenges. Check out the article and join the conversation on the future of trade finance! https://lnkd.in/dbGhpsmV ________________________ Learn more about how Complidata's TradeSpeed is pioneering the use of Generative AI and large language models in trade finance here https://lnkd.in/dr5_cfKb #tfg #tradefinance #banking Matthias Verbeke Deepesh Patel Sam Curtis David Cooperman Roderick Trekels Gary Collyer Alex Gray

Earlier this month, our CEO, Ben Arber, attended the roundtable hosted by Bank of China USA and facilitated by Huron, where financial crime compliance dominated the conversation among 15 banks (Complidata was the only non-bank present). The discussion revealed key challenges and emerging trends shaping the compliance landscape. Some insights we found most compelling: - Finding new ways of dealing with inefficiency: Financial institutions remain overburdened with unproductive alerts from transaction monitoring, with difficulty in promoting technical solutions or persuading leadership for budget. Optimisation rather than replacing legacy systems is popular. - Shifting toward future-ready frameworks: Institutions are focusing on transitioning from traditional data lakes to API-driven architectures, enabling better data governance, scalability, and clean data standards. - Workforce transformation: Building a talent pipeline skilled in machine learning, advanced analytics, and AI tools is crucial for staying ahead of next-generation AML challenges. - Balancing compliance and innovation: Strengthening regulator relationships through transparency while integrating advanced technologies like blockchain analytics and API frameworks can help address emerging risks. It’s clear that the path forward lies in innovation, collaboration, and strategic alignment to meet evolving demands. Complidata’s solution set aligns with these needs, offering advanced technology solutions that are flexible, scalable, and designed to integrate seamlessly into existing systems—no need for a rip-and-replace approach. Learn more about our solution here https://lnkd.in/eVV3wzkq. #FinancialCrimeCompliance #Innovation #AML #RegTech #Banking Alan Morley Jenny Wei Eduardo de Morais Ferrari Dennis Greenberg Matthias Verbeke Sam Curtis

Complidata is thrilled to announce that we have been selected for the prestigious RegTech100 list for 2025! 🎉 This recognition places Complidata among the world's most innovative RegTech companies, spotlighting our dedication to addressing the challenges of regulatory compliance and financial crime risk management with advanced AI-driven solutions. "This recognition validates our mission to transform financial crime compliance through advanced artificial intelligence and machine learning solutions," said Ben Arber, CEO of Complidata. Complidata's products including TradeSpeed and FCRR stand out for their innovative approach to compliance challenges, particularly in addressing the critical issue of sanctions screening and AML compliance. Machine learning-based transaction list screening capability has demonstrated remarkable success in reducing sanctions hits by over 40%, significantly improving operational efficiency for financial institutions. TradeSpeed, powered by mu;tiple large language models, is moving trade finance money laundering controls from largely manual or post-transaction to real-time.  A big congratulations to our partners S&P Global and Eastnets, who were also recognized on the RegTech100 list! Together, we’re shaping the future of RegTech. Read the full press release here https://lnkd.in/dismbUeF ___________________________________ Learn more about Complidata here https://www.complidata.io/ #regtech #banking #regtech100 Matthias Verbeke Roderick Trekels Bharat Ram Ammu FinTech Global

Another good, insightful investigative piece from Global Trade Review (GTR) and John Basquill. While large-scale trade finance fraud often grabs headlines, smaller, highly sophisticated scams are quietly targeting non-bank lenders, especially in receivables finance. These cases reveal complex networks of shadow companies, recycled invoices, and elaborate impersonations—posing significant challenges for due diligence and fraud prevention. Some of the insights we found most interesting: - Many fraudsters strategically target SMEs, where due diligence frameworks may be less robust than those for larger corporates. - Fraudulent actors manipulate receivables finance by recycling old invoices, using modified versions to secure funding multiple times. - Fraudsters use shell companies to inflate balance sheets by staging fabricated transactions between connected entities, creating a false sense of financial health. This is a tactic we have explored in the case of the Vietnamese fraudster Trương Mỹ Lan, you can read more here https://lnkd.in/dj4HsChB One of the key themes John Basquill returns to multiple times is related parties and networks of entities/individuals engaged in orchestrating the frauds. Increasingly there are technological advancements helping to identify these relationships between apparently unconnected companies and individuals.  Read the full article here https://lnkd.in/dB6mw-hN _________________ Learn more about Complidata, and how we are helping global players fight financial crimes in trade finance here https://lnkd.in/dr5_cfKb Ben Arber Matthias Verbeke Gary Collyer Alex Gray David Cooperman Sam Curtis

Documentary checks in trade finance are complex, and although banks are starting to adopt solutions to automate this process, understanding the reasoning behind each automated check outcome is often just as challenging as the checks themselves. TradeSpeed takes explainability to the next level by providing detailed natural language narratives for every check. Simply put, the system not only performs the checks but also gives the reasoning for all of its decisions, mimicking the language used by a TradeOps person. Key benefits for trade operations teams: ✔ Clear decision-making: Understand every decision and the data behind it. ✔ Streamlined discrepancy handling: Go directly to the issue without revisiting the entire presentation. ✔ Faster onboarding: Use detailed explanations to train new staff effectively. ✔ Efficient communication: Easily share narratives in reports or refusal notices for seamless collaboration. With these enhancements, TradeSpeed continues to empower teams to work smarter and faster while ensuring transparency throughout the process. Learn more about TradeSpeed here: https://lnkd.in/dr5_cfKb #tradefinance #banking #paperlesstrade #digitisetradefinace #ai Ben Arber Matthias Verbeke Gary Collyer Roderick Trekels Alex Gray Sam Curtis David Cooperman

Looking forward to representing Complidata at #GTRNordics in just under two weeks. If you would like to learn more about digitisation and automation of trade finance using LLM and GenAI, especially with regard to... - examination of documents under LC - DG issuance - dual-use goods screening - vessel monitoring - AML red flags and sanctions screening ...please reach out to me so we can schedule a chat! Ben Arber Alex Gray Matthias Verbeke David Cooperman Patricio Fernandez Roderick Trekels

Yesterday was packed with learning at ITFA German Regional Education & Networking Event in Munich. Beginning with an overview of the myriad geopolitical risks currently influencing global trade flows by Michele Prà, MBA, the event focused on the differing ways in which European export credit agencies are helping to support exports through credit confirmation risk cover – with insightful contributions from Lintunen Lea of Finnvera and Ulrika Berggren of EKN Exportkreditnämnden. Thanks to Thomas Krieger for organising and UniCredit for providing the (architecturally interesting!) venue. Looking forward to a change of topic today with PwC’s AFC Summit in Frankfurt!

Fantastic as always to join Michael Byrne and the IIBLP team in New York recently, discussing the increasing use of AI in standby LCs, commercial LCs and guarantees. Amazing to see such a great turnout - more than double the prior year, and standing room only. #iiblp #tradefinance #complidata #ai

Don’t miss out! Our webinar in partnership with ITFA and Complidata is happening tomorrow! We’ll dive deep into the world of trade-based financial crime and how to combat it effectively. Trade and payments are converging in new, complex ways, and staying informed is more critical than ever. Join us for expert insights and a discussion that could change the way you think about risk management. 🗓️ Register now to secure your spot: Link to webinar https://hubs.ly/Q02WPk3k0 Let’s keep the world safe together. See you tomorrow! 👥🔍 #FinancialCrime #TradeFinance #Webinar