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TradeSun®, Inc. Appoints David Ingersoll as Chief Sales Officer

TradeSun®, Inc. Appoints David Ingersoll as Chief Sales Officer

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Del Mar, CA – May 12, 2021 – TradeSun, Inc. today announced that David Ingersoll joined the company as Chief Sales Officer, overseeing global sales and marketing. Focusing on expanding market share in existing and new territories and building our sales force internationally to serve our customers within region.

David’s experience in selling new technology products within an existing organization’s structure, have resulted in hundreds of millions of dollars in revenue for many companies. Working within the Finance, Aerospace/Defense, Bio/Medical, Oil/Gas and Manufacturing industries has demonstrated experience that is strategically aligned with TradeSun’s new global markets and beyond financial institutions. David will join our executive team and be responsible for developing worldwide partner programs.

“I am so please to join TradeSun at this pivotal time as we poise to expand our position as the leading SaaS solution for Trade Finance. I look to apply the years of my worldwide experience. I have known CEO, Nigel Hook, for over two decades, and I have watched the progression of the TradeSun solution from its inception for the Department of Defense, the iteration with IBM and now as an independent cloud platform deployed globally,” said David.

Nigel Hook, TradeSun’s CEO, said “David is a World Class Executive who has experience in direct and channel enterprise global sales along with a deep understanding of high-performance advanced solutions. This will accelerate both our customer acquisitions and ensure smooth deployments on time and on budget.”

Contacts:

TradeSun Communications: 
+1.800.481.3282
info@tradesun.com

About TradeSun: TradeSun is an Edison Award winning Artificial Intelligence (AI) trade finance cloud platform for financial institutions, shippers, and corporations, that powers rapid trade finance processing while simultaneously intercepting regulatory, TBML, and fraudulent infractions. TradeSun provides the on-ramp to R3 Corda Enterprise blockchain platforms by combining deep learning and symbolic AI to synthesize information from a wide variety, type and quality of complex trade documents, automating the document checking and compliance for letter of credit, bills of collection, guarantees, open account, and purchase orders. For more information, info@tradesun.com | TradeSun.com

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TradeSun®, Inc. expands global resources and welcomes Andrey Klepikov as Chief Program Officer

TradeSun®, Inc. expands global resources and welcomes
Andrey Klepikov as Chief Program Officer

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Del Mar, CA – April 28, 2021 – TradeSun, Inc. continues our expansion plans with a new position appointment for a Chief Program Officer. Andrey’s 17 years in international banking experience, starting in trade finance operations, will benefit our team and our customers’ implementations. His past experiences are a perfect fit for our PMO (Program Management Office) for managing deliverables to internal and external clients. With internal management and client recommendations we are honored to have Andrey on our team.

“Talking with Andrey since the middle of 2020 and discovering the many connections in the industry that we share was one step, getting a rare opportunity in January 2021 to meet face-to-face in Florida during all the travel restrictions, solidified the many reasons we knew Andrey was the right person for TradeSun”, said Nigel Hook, CEO of TradeSun.

Most recently Andrey has been the Change and Project Delivery Director for the second largest Russian bank, VTB as well and spent several years with both Citi Bank and HSBC. His experience in financial markets includes financial modeling, market risks, IFRS, change management, conflict resolution, budgeting, IT projects, ensuring the highest quality project deliverables and process efficiency. Andrey is skilled at leveraging BPM, Lean Six Sigma, and knowledge management practices. Andrey has a broad knowledge in Data Science and Machine Learning with Master of Science degree in Mathematical Statistics. Being in Sochi, Russia our overall coverage into Africa and India is stronger.

Please join all of us at TradeSun, in welcoming Andrey to our team.

Contacts:

TradeSun Communications: 
+1.800.481.3282
info@tradesun.com

About TradeSun: TradeSun is an Edison Award winning Artificial Intelligence (AI) trade finance cloud platform for financial institutions, shippers, and corporations, that powers rapid trade finance processing while simultaneously intercepting regulatory, TBML, and fraudulent infractions. TradeSun provides the on-ramp to R3 Corda Enterprise blockchain platforms by combining deep learning and symbolic AI to synthesize information from a wide variety, type and quality of complex trade documents, automating the document checking and compliance for letter of credit, bills of collection, guarantees, open account, and purchase orders. For more information, info@tradesun.com | TradeSun.com

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TradeSun®, Inc. bolsters its industry position with the appointment of Manoj Saxena as Chief Product Officer

TradeSun®, Inc. bolsters its industry leading position with the appointment of
Manoj Saxena as Chief Product Officer

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Del Mar, CA – April 15, 2021 – TradeSun, Inc. today announced that Manoj Saxena joins the company as Chief Product Officer, focusing on product development and strategic direction of current and future products, as well as overseeing the expansion through the new TradeSun entity in India.

Manoj will be helping to support clients in the EMEA and APAC regions.  He will also lead development partnerships with banking institutions, trade finance entities and technology partners world-wide.

Manoj’s experience in Corporate Banking and Trade Finance spans over thirty years, including ten years with Citibank and the last nine years as Chief Technology Officer for Global Trade at JPMorgan Chase where he was responsible for transforming the technology infrastructure and developing their new global back-office processing platform. Most recently, Manoj had been working on digitalization and intelligent automation for document examination using AI and ML, which aligns perfectly with TradeSun’s product offerings.

He had led a large Corporate Banking Products business and hence brings a wealth of domain knowledge, operations, and technology insights along with an innovation mindset which will help TradeSun’s products continue to develop at a rapid pace. Manoj has lived and worked in multi-cultural environments across the globe including Africa, Asia, and the USA.

Nigel Hook, TradeSun’s CEO, said “Attracting world class talent like Manoj is core to accelerating our growth and becoming the #1 Global Trade Intelligent Processing Platform. This is a highly strategic hire for TradeSun, and Manoj will have a major impact on TradeSun’s future.”

Contacts:

TradeSun Communications: 
+1.800.481.3282
info@tradesun.com

About TradeSun: TradeSun is an Edison Award winning Artificial Intelligence (AI) trade finance cloud platform for financial institutions, shippers, and corporations, that powers rapid trade finance processing while simultaneously intercepting regulatory, TBML, and fraudulent infractions. TradeSun provides the on-ramp to R3 Corda Enterprise blockchain platforms by combining deep learning and symbolic AI to synthesize information from a wide variety, type and quality of complex trade documents, automating the document checking and compliance for letter of credit, bills of collection, guarantees, open account, and purchase orders. For more information, info@tradesun.com | TradeSun.com

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TradeSun®, Inc. Teams Up with MarineTraffic Global Ship Tracking Intelligence

TradeSun®, Inc. Teams Up with MarineTraffic Global Ship Tracking Intelligence

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Del Mar, CA – April 8, 2021 – TradeSun launches a strategic partnership with MarineTraffic, the world’s most trusted global ship tracking intelligence cloud-based positioning software.      

TradeSun has partnered with MarineTraffic, the world’s leading provider of ship tracking and maritime intelligence to provide an automated trade finance vessel checking solution.  The partnership accelerates the processing of trade finance and will help banks meet their compliance and regulatory requirements.

Monitoring vessel movements is at the core of what MarineTraffic does. Building on a base of data gathered from a network of coastal AIS-receiving stations, supplemented by satellite receivers, MarineTraffic provides financial institutions and shipping, trade and logistics industries with actionable insights into shipping activity around the world.

“We are pleased to be working with TradeSun and to provide global AIS data through our Online Services. We believe that the MarineTraffic high reliability and quality of its data gathered, differentiates us in the industry and will help TradeSun and its clients meet the risk and compliance requirements”, said Vlassis Papapanagis, Sales Director at MarineTraffic.

TradeSun has integrated MarineTraffic into its innovative trade finance document processing and compliance screening system, automatically validating vessel data against MarineTraffic’s database, providing crucial insights to users, improving efficiency, internal control, reducing risk and eradicating transcribing errors.

Stanbic Bank of Kenya’s compliance team have seen an immediate improvement in processing time through the use of TradeSun’s compliance checking integration to MarineTraffic.

Nigel Hook, CEO of TradeSun said, “Both companies recognize that integrated technology will open doors in markets which have previously been hampered by the slow, duplicative, and expensive processes needed to complete trade transactions. The TradeSun platform with MarineTraffic will significantly reduce the end-to-end processing time and in parallel reduce human error, helping TradeSun customers fight the battle against trade based financial crime.

Contacts:

MarineTraffic:
Fotini Tseroni
+30 2103007571
fotini.tseroni@marinetraffic.com

TradeSun Communications: 
+1.800.481.3282
info@tradesun.com

About MarineTraffic: MarineTraffic is a leading provider of ship tracking and maritime intelligence. We are dedicated to making actionable information easily accessible. Monitoring vessel movements is at the core of what we do. Building on a base of data gathered from our network of coastal AIS-receiving stations, supplemented by satellite receivers, we apply algorithms and integrate complementary data sources to provide the shipping, trade and logistics industries with actionable insights into shipping activity. With our main offices in Greece, the UK and Singapore, we continue to grow our presence in some of the world’s leading maritime hubs, granting us direct access to the markets we serve. Our reach is truly global, enabling us to support the millions that use our service. For more information, visit www.marinetraffic.com

About TradeSun: TradeSun is an Edison Award winning Artificial Intelligence (AI) trade finance cloud platform for financial institutions, shippers, and corporations, that powers rapid trade finance processing while simultaneously intercepting regulatory, TBML, and fraudulent infractions. TradeSun provides the on-ramp to R3 Corda Enterprise blockchain platforms by combining deep learning and symbolic AI to synthesize information from a wide variety, type and quality of complex trade documents, automating the document checking and compliance for letter of credit, bills of collection, guarantees, open account, and purchase orders. For more information, info@tradesun.com | TradeSun.com

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TradeSun®, Inc. joins Contour Pte. Ltd platform in trade finance initiative

TradeSun®, Inc. joins Contour Pte. Ltd platform in trade finance initiative

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Del Mar, CA – November 12, 2020Contour, the trusted network for global trade, announces partnership with TradeSun, provider of an automated blockchain on-ramp, to simplify the handling and authentication of paper-based documents into R3 Corda.

Contour is a global network of banks, corporates and ecosystem partners working together to transform trade finance. Through removing barriers in the trade ecosystem, Contour is building a new global standard, where everyone can collaborate seamlessly on one platform. Contour’s initial offering – a digital Letter of Credit (LC) solution – reduces the processing time of LC presentations by up to 90%: from 10 days to 24 hours.

Utilizing advanced sciences to homogenize disparate documents not in the blockchain, TradeSun alleviates the labour-intensive process by digitalizing those documents and checking compliance to further reduce the time it takes to process Letters of Credit.

Contour and TradeSun’s collaboration will help streamline trade processes in key regions – including the African continent where innovation can provide greater access for banks and businesses wishing to trade.

Carl Wegner, CEO of Contour: “The transactions on our network are only part of our dedication to developing a workable ecosystem. To make international trade better for the future, we need to establish effective partnerships with other organisations looking to change the industry. Collaboration with TradeSun is a prime example of this, allowing us to improve the overall process of trade finance.”

Nigel Hook, CEO of TradeSun: “Both companies recognize that technology will open the doors in markets which have previously been hampered by the slow, duplicative, and expensive processes needed to complete trade transactions. The 2nd largest continent, Africa, is endowed with plentiful natural resources and 1.3 billion people, but has only 2.3% of the global market. The Contour with TradeSun platform will fuel the economies by uniting their countries on the R3 Corda blockchain platform.”

Contacts:

Contour:
+44 20 7 440 9780
contour@chatsworthcommunications.com
TradeSun Communications: 
+1.800.481.3282
info@tradesun.com 

 

About Contour: Contour is a blockchain-based open industry platform to create, exchange, approve, and issue Letters of Credit on Corda, R3’s blockchain platform. The eight founding member banks are Bangkok Bank, BNP Paribas, CTBC, HSBC, ING, Natwest, SEB and Standard Chartered. Contour will improve the trade finance process by simplifying Letters of Credit, delivering shorter settlement times, instant discrepancy resolution and simplified sanctions screening. Contour is inviting banks, technology partners, and corporates to join the network. contour@chatsworthcommunications.com | Contour.trade

About TradeSun: TradeSun is an Edison Award winning Artificial Intelligence (AI) and patent pending trade finance cloud platform for financial institutions, shippers, and corporations, that powers the quick processing of trade finance contracts while simultaneously intercepting regulatory, TBML, and fraudulent infractions. TradeSun provides the on-ramp to R3 Corda Enterprise blockchain platforms by combining deep learning and symbolic AI to synthesize information from a wide variety, type and quality of complex trade documents, automating the document checking and compliance for letter of credit, bills of collection, guarantees, open account and purchase orders.

info@tradesun.com | TradeSun.com

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Stanbic Bank Kenya signs a partnership with TradeSun to implement Artificial Intelligence in documentary trade finance

Stanbic Bank Kenya signs a partnership with TradeSun to implement Artificial Intelligence in documentary trade finance

The partnership will accelerate Stanbic Bank’s goals for documentary trade finance digitalization and intelligent automation.

Nairobi, October 1, 2020 – Stanbic Bank Kenya has today announced a strategic partnership with TradeSun that will help automate core functions in documentary trade finance. The solution will allow the bank to leverage on TradeSun’s Artificial Intelligence (AI) driven Deep Learning and Natural Language Processing (NLP) Technology to accelerate documentary Trade Finance processes through digitalization and intelligent automation. In addition, it will allow the bank to integrate real-time compliance, counter-fraud, trade-based money laundering and vessel tracking checks with comprehensive audit trails, reporting and analytics.

 

Commenting at the Global Trade Review (GTR) East Africa virtual event that kicked off today Country Head of Trade at Stanbic Bank Kenya, Martin Azenga noted, “We have undertaken a review of our business and operating model to ensure that we serve our clients more effectively and efficiently. This alliance with TradeSun demonstrates Stanbic’s strong intent to modernize our trade finance offering whilst improving the client experience across all customer segments.”

 

The solution will among other things improve the accuracy and time taken to review trade documentation, enabling the bank to provide customers with accelerated feedback on the fate of their trade documents. The bank will benefit from significantly improved efficiencies while simultaneously being assured of enhanced risk management.

 

Nigel Hook, CEO of TradeSun was noted saying, “Stanbic Bank Kenya is a forward-thinking trade bank, an ideal partner to launch TradeSun in Africa. Our trade finance and technology experts look forward to improving efficiency and speeding up processing times.”

 

With the digital economy putting new demands on the banking industry, Stanbic is fully immersed in a digital transformation journey. The digital transformation agenda is playing a critical role in redesigning the entire operations of the Bank, through innovation of products, services and channels. The Bank’s technological journey is client led and driven, constantly improving on systems, processes and solutions to ensure that the client experience is better and simpler.

 

Through this partnership, Stanbic is at a better position to provide complete solutions and increasingly rely on trusted partner organisations in her ecosystems – including non-financial services groups – to fulfil the needs of clients.

 

 

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For more information please contact:

 

Catherine Njoroge, External Affairs & Communications Manager

Tel: +254 (700) 304 024 | Fax: +254 (20) 310601 | Email: NjorogeC@stanbic.com |

For further information go to www.stanbicbank.co.ke

 

Wyn James, Senior Vice President

Tel: +6594333027 | Email: Wyn@TradeSun.com

 

Janna Baer, Product Marketing Director

Tel: +1 416.648.5702 | Email: JBaer@TradeSun.com

For further information go to www.tradesun.com

 

 

About Stanbic Bank Kenya:

 

Stanbic Bank Kenya is a member of the Standard Bank Group, Africa’s largest bank by assets.

 

Standard Bank Group’s largest shareholder is Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. Standard Bank Group has direct, on-the-ground representation in 20 African countries.

 

Stanbic Bank Kenya provides the full spectrum of financial services. It’s Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

 

Stanbic Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in oil, gas and renewables; power and infrastructure and agriculture.

 

With regard to personal and business banking, Stanbic Bank Kenya offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.

 

Stanbic Bank also offers wealth services and product offerings, including insurance, investment, fiduciary, bespoke banking and multi-generational wealth preservation solutions to high net worth individuals, retail, business, commercial, and corporate clients across the Bank’s footprint.

 

About TradeSun:

 

TradeSun Inc. Del Mar, CA (www.tradesun.com) is an Edison Award winning Artificial Intelligence (AI) and patent pending trade finance cloud platform that powers the quick processing of trade finance contracts while simultaneously intercepting regulatory and fraudulent infractions. TradeSun combines Deep Learning and Natural Language Processing (NLP) to synthesize information from a wide variety, type and quality of complex trade documents, transforming the document checking and verification process in letters of credit, bills of lading, corporate pre-check and purchase orders. These award-winning capabilities enable financial institutions, shippers and corporations to automatically digitalize, authenticate, verify and conduct compliance, AML screening and fraud checks, reducing costs and improving controls.

 

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TradeSun Appoints Chief Operations Officer

TradeSun Appoints Chief Operations Officer

Andy Hindley joins TradeSun as Chief Operations Officer

 

San Diego, CA – August 21, 2020 – Andy Hindley joins TradeSun as Chief Operations Officer. Andy will be responsible for all operational aspects of TradeSun. He will be focused on infusing the streamlined structure and governance.

Andy went to Manchester University to study Physics and Electronics, specializing in Astro and Nuclear physics and after graduating spent the next ten years as a professional sportsman competing at the top level in sailing which included two round the World races.

Andy took his leadership skills into the business side of international sports, leading operations and logistics for the Volvo Ocean Race. As COO for Americas Cup, based out of San Francisco got to work with Larry Ellison (https://en.wikipedia.org/wiki/Larry_Ellison). After that series was successfully completed Andy became COO of Land Rover BAR working directly for CEO Martin Whitmarsh (https://en.wikipedia.org/wiki/Martin_Whitmarsh) and closely with Sir Ben Ainslie. For the past three years Andy was CEO for Yorkshire 2019, delivering the road cycling World Championship where he reported to Board Chair Chris Pilling (who is on the Board of Barclays Bank).

 

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TRADESUN NAMED A SILVER WINNER OF THE 2020 EDISON AWARDS

TRADESUN NAMED A SILVER WINNER OF THE 2020 EDISON AWARDS

San Diego, CA – April 8, 2020 – The Edison Awards winners were announced on April 8, 2020. TradeSun took the silver award for the Innovative Services, Financial Solutions category.

The Edison Award is one of a number of awards and nominations that TradeSun has had the honor of receiving over the course of this year, marking a grand entrance into the Trade Finance space as a breakout software solution. This proprietary machine learning platform has quickly established itself as a leader in AI driven document matching and compliance checking for the trade finance industry. Being recognized by the Edison Awards for their innovative technology helps to solidify TradeSun’s reputation as a major player in the area of document processing automation.

Among the nomination entries comprising the best products, services, and businesses in innovation for the year 2020, TradeSun was chosen as a winner by a panel of over 3,000 leading business executives from around the world. “After a thorough review, the Edison Awards Judges recognize TradeSun as a game-changing innovation standing out among the best new products and services launched in their category,” said Frank Bonafilia, Executive Director of the Edison Awards.

About the Edison Awards: The Edison Awards is the world’s most revered Innovation Award dedicated to recognizing and honoring the best in innovation and innovators since 1987. For more information about the Edison Awards complete program and a list of past winners, visit www.edisonawards.com.

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Envoy teams up with TradeSun to offer AI document processing

Envoy teams up with TradeSun to offer AI document processing

Document validation and review can now be done in minutes, instead of 4-6 weeks

London & Latin America, 07 April 2020: Today, Envoy Group announces that it has teamed up with TradeSun to offer an automated document reviewing process which will significantly reduce the time taken to complete trade finance transactions.

Manual documentation review processes, which are still common practice in trade finance, can take 4-6 weeks to complete and have very little protection against double-entry fraud and human error. This partnership allows Envoy’s clients to remove the margin for human error and complete the document review and validation process in a matter of minutes – helping mitigate risk and fraud whilst expediating global trade.

Envoy uses blockchain technologies to bring massive efficiencies to global supply chain and trade finance. Built on enterprise software firm R3’s Corda blockchain platform, Envoy accelerates the $17 trillion annual global trade flows into the digital age by reducing inefficiencies and injecting vital and once-unattainable liquidity.

TradeSun uses AI to automate the document reviewing process. Its technology has been in development for more than 10 years. Since inception, technologies such as text analytics, entity extraction, AI and NLP have been added to its offering. It has a management team with over 100 years of Financial Services Experience and includes experts in Trade Finance, AI, IOT and Blockchain.

TradeSun is the latest integration into the Envoy platform, following a successful $13 million raise and launch at the start of 2020. The firm also announced a partnership with KYC Hub earlier this month.

Lee Tarone, CEO of Envoy Group, has commented: “In 2020, the processes that our global trade relies on still are incredibly archaic. In order to expediate trade finance and bring it into the modern day, we need to do away with the rubber stamps and paperwork that fill it with risk.

“Faster, safer trade finance means faster, more effective business for all stakeholders.”

Nigel Hook, CEO of TradeSun, has commented: “The world of trade finance has a myriad of moving parts and countless businesses trying to accelerate the process. All of these parts grind to a crawling pace once they reach the manual documentation review process. This is incredibly labor intensive, expensive, and is also subject to human error.

“TradeSun’s patent-pending deep learning algorithm drives the automation, digitally capturing trade documents and intelligently examining them from a compliance and Letter of Credit perspective, thereby dramatically transforming productivity and accuracy.”

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About Envoy

Envoy uses blockchain technologies to bring massive efficiencies to global supply chain and trade finance. Built on enterprise software firm R3’s Corda blockchain platform, Envoy accelerates the $17 trillion annual global trade flows into the digital age by reducing inefficiencies and injecting vital once unattainable liquidity. It is designed to integrate seamlessly with legacy data systems and all third party blockchains, enabling buyers and sellers, to manage global trade logistics, and to find new

funding sources supported as result of trust. Envoy recently accelerated its expansion following a $13 million institutional investment committed from Alcedo Digital Ventures.

Website: https://envoychain.io

About TradeSun

TradeSun is an Edison Award winning Artificial Intelligence (AI) and patent pending trade finance cloud platform that powers the quick processing of trade finance transactions while automatically identifying compliance and AML issues and potential fraud. TradeSun combines deep learning and Natural Language Processing (NLP) to synthesize information from a wide variety, type and quality of complex trade documents such as bills of lading and purchase orders for open account transactions. It transforms the document checking and verification process in letters of credit and documentary collections and simplifies the corporate pre-check process. These award-winning capabilities enable financial institutions, shippers, and corporations to automatically digitalize, authenticate, verify and conduct compliance, AML screening and fraud checks, reducing costs and improving controls.

Website: https://www.TradeSun.com

Press contacts

Christopher Flame, Yellow Jersey:

Tel: (+44) 7889 297 217 Email: Christopher@yellowjerseypr.com

 

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TradeSun Announced as a Finalist in Innovative Services in the 2020 Edison Awards

TradeSun Announced as a Finalist in Innovative Services in the 2020 Edison Awards

San Diego, CA – February 11, 2020 – TradeSun has been named a finalist in Innovative Services for the 2020 Edison Awards. The Edison Awards, named after Thomas Alva Edison, recognizes and honors the world’s best innovations and innovators. The Edison Awards will announce the winners of the gold, silver and bronze award winners in April 2020.

The Edison Award is one of a number of awards and nominations that TradeSun has had the honor of receiving over the course of this year, marking a grand entrance into the Trade Finance space as a breakout software solution. This proprietary machine learning platform has quickly established itself as a leader in AI driven document matching and compliance checking for the trade finance industry. Being recognized by the Edison Awards for their innovative technology helps to solidify TradeSun’s reputation as a major player in the area of document processing automation.

All nominations are reviewed by the Edison Awards Steering Committee and the final ballot sent to an independent judging panel. The judging panel was comprised of more than 3,000 professionals from the fields of product development, design, engineering, science, marketing and education, including professional organizations representing a wide variety of industries and disciplines.

For more information on the Edison Awards, please visit www.edisonawards.com. Applications for the 2021 awards will open in August 2020.

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