Mitigram, a leading digital platform for trade finance execution, has today announced a partnership with Complidata, a specialist in AI-driven trade finance automation and financial crime compliance. The collaboration aims to enhance efficiency, compliance and risk management across the trade finance ecosystem.
The partnership will integrate Mitigram’s end-to-end transaction management solution for export Letters of Credit (LCs) with Complidata’s generative AI-powered document extraction and examination platform, TradeSpeed. This combined offering will enable both Mitigram and Complidata customers to pre-check trade documents for compliance, sanctions screening, and trade-based money laundering (TBML) risks. The result: reduced operational risk, faster turnaround times, lower days sales outstanding (DSO), and decreased processing cost.
The exclusive integration provides full visibility across the transaction lifecycle, reduces execution time by up to 40%, and achieves more than 95% accuracy in automated compliance and document checks. Both companies see the alliance as a critical step toward dismantling friction in the global trade finance ecosystem and accelerating adoption of AI as a strategic enabler.
“Our partnership with Complidata represents a fundamental shift toward more intelligent trade finance operations,” said Pedram Tadayon, CEO of Mitigram. “By combining execution excellence with advanced compliance automation, we’re providing the market with a clear path forward for institutions seeking to modernize their trade finance capabilities while maintaining rigorous risk standards.”
“Effective digital transformation in trade finance requires partnering with leaders who have proven expertise.” said Ben Arber, CEO of Complidata. “By working alongside Mitigram’s exporter and banking execution platform, we can together deliver the compliance automation and risk management capabilities that modern trade finance operations demand across the entire value chain.”
As part of this collaboration, Complidata has announced plans to extend TradeSpeed’s capabilities beyond document checking to include document preparation support for corporate beneficiaries. Leveraging its proprietary large language model (LLM) technology, this upcoming feature aims to address one of trade finance’s most persistent pain points: the need to prepare compliant documents quickly and accurately, often in the face of incomplete or ambiguous information.
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About Mitigram:
Mitigram is the leading digital platform for global trade finance execution. In 2024 alone, the platform facilitated over $41 billion in transactions across 120+ markets – empowering corporations, commodity traders, and financial institutions to transact with confidence. Mitigram supports risk coverage on more than 1,000 issuing banks and has enabled over 10,000 completed trade flows – bringing speed, control, and transparency to an industry long held back by fragmentation and paper.
About Complidata:
Complidata empowers financial institutions with AI-driven automation solutions, transforming trade finance and compliance processes. The company leverages advanced artificial intelligence, including large language models and generative AI, to streamline workflows, enhance efficiency, and strengthen compliance. Complidata’s TradeSpeed combines data extraction from PDF documents with Day 1 field-level accuracy of >97% with an industry-leading check engine for document examination, workability and compliance under letters of credit.
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