BBVA partners with TradeSun to digitize global trade operations
Del Mar, CA – June 17, 2022 – BBVA in Peru has partnered with TradeSun, a leading technology company leveraging artificial intelligence in trade, to automate and digitize the documentation of its clients across global trade.
The bank will be the first entity in the Peruvian financial system to implement automation technology for trade, significantly enhancing the bank’s processes, efficiency, and internal controls across the business.
BBVA, through its Open Innovation division, and TradeSun have partnered to deploy the technology company’s trade finance platform to support document examination, enabling the verification and scrutiny of documents in a faster and more agile way.
The TradeSun Platform is a comprehensive offering designed and built by industry experts. It will allow BBVA to meet its strategic business objectives in trade more efficiently, simplify tasks, and mitigate compliance risks. Meanwhile bank staff will be able to focus on higher value customer-focused activities, advancing their trade processes with confidence.
“At the bank we promote the use of new technologies at all levels that allow us to streamline our processes. The TradeSun Platform will improve our document review process, as it will help us to be more competitive in the service we provide to our clients, improving our times and quality of service,” said Giselle Gondonneau, Deputy Manager of Foreign Trade at BBVA in Peru.
Nigel Hook, TradeSun CEO, commented: “We are pleased to be working with BBVA Peru to support the bank in propelling trade capabilities, and as the team progresses on its digitization journey. Our mission is to advance financial crime prevention in trade – and that will only be achieved with the use of intelligent technologies that successfully automate and digitize operations.”
About TradeSun: TradeSun is an innovator and leader in trade digitization. Our award-winning AI-powered platform for trade finance processing and compliance empowers our customers to reduce risk and fuel growth by leveraging state-of-the-art technologies. The TradeSun Platform is a one-stop solution that automates document review, significantly reducing processing times. It offers real-time compliance, covering trade-based money laundering, dual use goods, fair price, vessel tracking and sanctions. Our executive team consists of highly experienced trade and technology professionals from many leading financial institutions: TradeSun