Surecomp, a prominent player in the global trade finance solutions arena, has announced an exciting partnership with Pelican AI, a renowned provider of AI-powered financial crime and compliance solutions. This collaboration is set to usher in a new era of digital transformation in trade-based risk management.
At the heart of this partnership is a shared commitment to address the pressing need for streamlined access to data within trade documents. By intelligently automating trade documents and accurately extracting and validating data throughout the trade finance process, financial institutions leveraging RIVO™, a Surecomp offering, stand to benefit significantly. This partnership aims to boost trade productivity, reduce risk, ensure regulatory compliance, and enhance scalability to accommodate the ever-expanding trade volumes.
Trade finance, with its inherent complexity and paper-intensive nature, demands digital solutions for achieving industry-compliant operations at scale. Financial institutions are faced with the challenge of balancing regulatory compliance with growth while conserving valuable resources.
Parth Desai, CEO of Pelican AI, expressed enthusiasm about the collaboration, highlighting the blend of trade finance and compliance expertise with cutting-edge AI and cloud innovation. He emphasized the opportunity this partnership offers to support financial services organizations of all sizes.
Enno-Burghard Weitzel, Surecomp’s SVP Strategy, Digitization, and Business Development, welcomed Pelican AI as the latest fintech partner to the RIVO™ hub. He noted that compliance is a paramount challenge for banks worldwide, and through this partnership, they aim to ease the regulatory burden and provide on-demand access to necessary data and reports. This strategic alliance between Surecomp and Pelican AI signifies a major leap forward in trade risk management,
