ITFA is pleased to introduce four new ITFA members:

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise, its sound financial position and outstanding innovative strength, which enables it to also to provide coverage for extraordinary risks.

Wenfang Fan will be the main contact person for all ITFA related matters.

Taulia Inc. delivers working capital solutions that make it easy for businesses to free up cash, accelerate payments and improve supply chain health.

Since its foundation in 2009, Taulia has envisaged a world where every business can thrive by deliberating cash using our state of the art platform. Today their team of financial game changers, have built a network connecting 1.6 million businesses across 168 countries and has accelerated more than $90 billion in early payments.

Taulia is headquartered in San Francisco with locations across the United States, Europe and Asia Pacific.

David Venables will be the main contact person for all ITFA related matters.

Coriolis Technologies Ltd is the data aggregator for the trade finance sector. Our products are data as a service, analytics as a service and, increasingly, platform as a service. We take publicly available trade data, company data and economic data, from third parties with proprietorial data and from news and real time data sources and aggregate/anonymise the data on to one platform with a specific focus on managing risk, reducing cost and providing analytics for the trade finance sector enabling it to make investment and risk management decisions efficiently and effectively.

Rebecca Harding will be the main contact person for all ITFA related matters.

Traydstream enables banks and corporates to automate the manual scrutiny of trade finance documentation. They combine Machine-learning and Artificial Intelligence (AI) with Natural Language Processing (NLP) to create intelligent pattern recognition and near-instant verification of regulatory compliance.

The platform replaces the current model of manual scrutiny with four levels of automatic checks to the extracted data:
1. Blank / missing fields
2. Discrepancies between documents – checking for inconsistencies
3. Rules Engine: 225,000+ machine learning algorithms applied checking for adherence to ICC trade rules
4. Compliance module (e.g. sanctions lists)

The benefits include:
• Efficiency – supercharge your trade finance operations
• Cost-effective – remove laborious and costly manual processing
• Knowledge transfer – reduce the risk of knowledge drain

Uzair Bawany will be the main contact person for all ITFA related matters.