TradeSun Announces an Agreement With Wells Fargo
April 16 2024 - 6:00AM
Business Wire
TradeSun and Wells Fargo have entered into an agreement that
will enable Wells Fargo to leverage the industry leading trade
finance and compliance digitization solution from TradeSun, using
Artificial Intelligence (AI) and other advanced technologies to
streamline the complex and manual processes employed globally
within the banking industry.
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the full release here:
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TradeSun’s major new release is reinventing trade finance
digitalization as it breaks new ground in the world of cognitive
data capture and intelligent process automation and takes
compliance screening and document checking to new levels.
TradeSun’s trade-focused AI will help deliver Wells Fargo’s goals
by automating manual processes that will increase capacity to drive
new business.
Wells Fargo will utilize the TradeSun AI platform to digitize,
extract, validate, and classify unstructured data for use with
compliance and document checking.
“Through our voyage with Wells Fargo, we’ve learned how
efficiently they operate. I am personally driven to ensure the
TradeSun AI platform continues to accelerate their leadership in
the market. At TradeSun, we are inspired by Wells Fargo’s decision
to invest in this relationship. It is a powerful validation of
TradeSun’s innovation in digitizing global trade finance,” said
Nigel Hook, Founder and CEO of TradeSun.
“Wells Fargo continues to make significant progress transforming
our trade finance and receivables processes. Our agreement with
TradeSun gives us the digitization and automation tools to
strengthen our risk framework, deliver flawless execution, and
provide a world class client experience,” said Cesar Gonzalez, head
of Wells Fargo’s Commercial Banking Operations group.
“We are designing and delivering innovative products to serve
our clients in a more streamlined way across all channels,” said
Kiran Vuppu, head of Wells Fargo’s Commercial Banking Client
Insights and Commercial Lending Product Management group. “One way
our team is leading this work is by leveraging AI to enhance our
clients’ experience and working with TradeSun is a key part of that
strategy.”
About TradeSun
TradeSun is the AI leader in global trade. Our TradeSun
Intelligence platform digitizes documents and significantly
increases productivity by automating real-time compliance for
financial crime and sanctions risks. Our platform performs
automated trade reconciliation, and first-of-a-kind sustainable
transaction scoring using TradeSun’s CoriolisESG solution. Our
Global Markets Explorer is designed to fully assimilate the
transaction data and deep tier supply chain information, on over
460 million companies, to help customers both de-risk their supply
chain with alternative sources and enlighten new markets to boost
sales.
TradeSun AI technology is reducing processing costs, enhancing
compliance screening, and empowering the sustainable trade and
supply chain ecosystem for banks and corporations.
Additional information at www.tradesun.com LinkedIn:
https://www.linkedin.com/company/tradesun
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information at www.wellsfargo.com LinkedIn:
https://www.linkedin.com/company/wellsfargo
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Media relations contact: media@tradesun.com, +1 800 481 3282