Mitigram and Complidata Enter Strategic Partnership to Accelerate AI-driven Transformation in Trade Finance

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.