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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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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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TradeSun Shortlisted for GTR Leaders in Trade Awards

TradeSun Shortlisted for GTR Leaders in Trade Awards

GTR recognizes TradeSun on the short list for Best Fintech Startup

San Diego, CA – February 11, 2020 – Nigel Hook, TradeSun CEO and Chris Lewis, TradeSun Executive
Vice President have today announced that TradeSun has been placed on the short list for the GTR
Leaders in Trade Awards, in the category of Best Fintech Startup.

Earlier this year TradeSun strengthened its AI and NLP leadership position with its Edison award
nomination in Innovative Solutions and Financial Services. Today’s announcement complements
TradeSun’s formidable capabilities by recognizing their efforts and innovations in fintech, while
honoring them for their accomplishments as a breakout Trade Finance software solution.

The GTR Leaders in Trade Awards highlight excellence in the trade, commodity, supply chain, export
finance and fintech markets. Each year GTR (Global Trade Review), a world-class independent
publishing and events company, recognizes the market’s pioneering institutions and top performers
from around the world. TradeSun appears on the short list for Best Fintech Startup alongside Trade
Ledger and Tradewind Markets.

Nigel Hook commented: “It is an honor to be nominated, and we are pleased that GTR has
recognized TradeSun for our efforts this year to bring digitalization to the forefront of the Trade
Finance conversation. Appearing on this short list for the GTR Leaders in Trade Awards helps to
solidify our reputation as a major player in the area of document processing automation, and we
look forward to hearing the results in April.”

Award winners will be announced at GTR’s annual awards dinner in London on April 30, 2020. For
more information about GTR: www.gtreview.com.

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TradeSun Appoints New Director

TradeSun Appoints New Director

Terry Hubert joins TradeSun as Director, Trade Operations

San Diego, CA – January 10, 2020 – Following the appointment of Chris Lewis, the former Global Head of International Trade Services at Wells Fargo, TradeSun has added another Trade Expert to their international leadership group through the appointment of Terry Hubert as Director, Trade Operations, to support the implementation and management of client and partnership deals.

Terry is an experienced Transaction Banking and Trade Finance leader who brings over 30 years of experience in the Trade Services area with extensive working knowledge of Operations, Product, Sales and Strategy. Having worked for a number of global organizations including J.P. Morgan, Royal Bank of Scotland and ABN Amro, Terry spent the past five years as the Global Head of Insourcing and Complex Sales for Wells Fargo’s International Trade Services Business. In this most recent role before joining TradeSun he was responsible for the end to end delivery of a suite of operational, network and technology products that over 400 banks globally benefitted from. Terry will remain in London to support TradeSun’s Regional expansion.

“Terry’s reputation is well deserved and built on years of working with clients to really understand their challenges and build solutions that actually work – so a perfect fit for TradeSun. Whilst Terry’s industry knowledge is unquestionable, what I really love about Terry is the honesty and passion he brings to every conversation.” – Nigel Hook, CEO

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City National Bank pilot successfully completed

City National Bank pilot successfully completed

TradeSun automates CNB Trade Services with remarkable results

 

San Diego, CA – December 27, 2019  – TradeSun announces the successful completion of a Trade Services automation pilot with City National Bank (CNB), a subsidiary of RBC. This pilot leverages TradeSun AI deep learning technology for Documentary Credit and Bills for Collection.

The on-site bank trial lasted five weeks and demonstrated the “out of the box” power of the TradeSun cloud solution in flagging document discrepancies in letters of credit and flagging potential compliance hits and fraud. The TradeSun Analytics Dashboard showed efficiency gains from the trial that exceed 320% in Letter of Credit processing time. Additionally, the trial processed export bills for collection and showed an efficiency gain of 120% while flagging potential compliance hits.

CNB was delighted with the Pilot results, as was TradeSun. Nigel Hook, CEO of TradeSun Inc., stated, “The efficiency improvements underscore the power of AI in the Trade Finance arena. With document learning improving to 90% over the period of the trial, we saw the true potential of the AI learning capabilities.” Hook added that TradeSun is in active discussion and is commencing trials in Q1 20 with a number of Trade Finance banks and software vendors. “We are pleased to see the efficiency and control improvements demonstrated and proven during the pilot and look forward to even greater strides in the weeks to come.”

 

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TradeSun Introduces Version 3.0

TradeSun Introduces Version 3.0

New cloud-based version released with advanced AI capabilities

San Diego, CA – December 15, 2019  – TradeSun announces the introduction of its advanced cloud-based Version 3.0. This AI-rich automation solution adjudicates letters of credit and bills for collection processing, including error and discrepancy checking and compliance and fraud detection.

A recent on-site pilot using Version 3.0 with a US regional bank demonstrated the superior power of TradeSun in flagging document discrepancies in letters of credit and flagging potential compliance hits and fraud. Efficiency gains from the trial evidence a 261% productivity increase handling Letters of Credit. Additionally, the trial processed export bills for collection and once again demonstrated a 341% production increase in Bills for Collection processing time, including the flagging of potential compliance hits.

CEO of TradeSun Nigel Hook stated, “This cloud-based Version 3 offers banks and trading companies an outstanding ROI, ease of implementation and accelerated AI learning.” Hook added that TradeSun is in discussion with a number of banks and trading and shipping companies regarding various applications.

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TradeSun introduces new Executive Vice President

Chris Lewis joins TradeSun as Executive Vice-President.

Wells Fargo’s Chris Lewis joins TradeSun as Executive Vice President

San Diego, CA – November 1, 2019  – Chris Lewis, formerly Global Head of Trade Services at Wells Fargo, has joined the TradeSun team as their newly-appointed Executive Vice President. Lewis brings with him 35 years of experience in the banking world spanning four continents, including posts in South Africa, Hong Kong, the Middle East, China, and the Americas. Lewis’ expertise in Credit Risk, Commercial Banking and Trade Finance make him a perfect fit for this new role.

With the addition of Lewis, it is clear that TradeSun, originating from a company holding 38 years of experience in analytics and AI technologies, is rounding out its expertise with the equivalent talent in the realm of Global Trade. Lewis joins Mark Gunton, Chairman of TradeSun and former HSBC Senior Executive, who in fact once worked alongside Lewis as Chief Risk Officer during their mutual time at HSBC. Gunton noted, “I am delighted to welcome Chris Lewis to the TradeSun team. He brings a wealth of global trade and supply chain experience from his time at Wells Fargo and HSBC and will ensure that we accelerate our pipeline and deployment of TradeSun products.”

Lewis has hit the ground running since joining the TradeSun team in September 2019. “We’re elated to bring Chris on board; his stellar career as a leader in global trade finance will deepen our understanding of our clients’ business challenges and opportunities,” says Nigel Hook, Founder of TradeSun. He added, “We are continuing to build a world class team that have worked together before and are united by the bright vision of TradeSun.” Lewis will be spending valuable time with our clients to optimize their digital automation.

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Nigel Hook, TradeSun CEO, announces a partnership with R3/Corda/Voltron.

Nigel Hook, TradeSun CEO, announces a partnership with R3/Corda/Voltron.

San Diego, CA – October 24, 2019  – Nigel Hook, TradeSun CEO, announces a partnership with R3/Corda/Voltron. Voltron is a consortium of banks that use the R3 BlockChain platform for processing letters of credit.

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TradeSun kicks off the initial implementation of the TradeSun platform at a major bank in Los Angeles.

TradeSun kicks off the initial implementation of the TradeSun platform at a major bank in Los Angeles.

San Diego, CA – October 1 2019  – TradeSun kicks off the initial implementation of the TradeSun platform at a major bank in Los Angeles. Luke Baer, Chief Innovation Officer, will lead the 6 week project to implement the TradeSun cloud based solution.

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TradeSun Elects New Board Member

Ken Olson elected to Board of Directors.

Ken Olson elected to TradeSun’s Board of Directors

San Diego, CA – September 10, 2019  – Ken Olson, a serial entrepreneur with extensive experience in building technology companies, has joined the TradeSun Board of Directors. Currently a Partner at Now Commerce, Olson has served on many public company boards including Digirad, WD-40, Avanir Pharmaceuticals, Neonode, Laser Power, Proxima, Laser Precision, Cohu, and Topaz.

Self-described as a one-time “professional director,” Olson spent 14 years as Director at Express Ventures, and 10 years as Director of the Monarch School Project. He is also a co-founder and mentor for Charimen’s Round Table, a non-profit volunteer organization comprised of successful Chief Executive Officers with diverse industry backgrounds who mentor many of San Diego’s up-and-coming businesses.

“Ken’s passion and his knowledge of operational strategy are a welcome addition to our board,” noted Nigel Hook, CEO. “His thoroughness and forethought will help TradeSun increase its value to shareholders and inform strategic decisions for the overall good of the company. We are pleased to welcome such an experienced member to the team.”

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