ITFA NEW MEMBERS, January 2025

ITFA is pleased to welcome five institutions to its growing family:

Complidata NV is a Belgium-based fintech company specializing in leveraging artificial intelligence to enhance trade finance and compliance operations.

Chief Executive Officer, Mr. Ben Arber, will be the main contact for ITFA matters.

Mr. Arber stated that their flagship solution, TradeSpeed, utilizes advanced large language models to automate and streamline complex activities such as data extraction, document checking under letter of credit, sanctions screening and trade-based money laundering detection. With a focus on accuracy and efficiency, the platform extracts, cross-references, and validates data from various documents, identifying discrepancies and supporting compliance checks.

Complidata’s solutions integrate seamlessly into existing client systems, support over 50 languages, and offer detailed risk and compliance insights tailored to meet the evolving needs of banks, insurers, and businesses in global trade finance.

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Export Development Canada (EDC) is a Crown corporation that supports Canadian businesses expanding internationally.

Senior Broker Account Manager, Mr. Peter Beepat, will be the main contact for ITFA matters.

Mr. Beepat stated that EDC offers various financial solutions, including credit insurance, financing, bonding, and investments, to help manage the risks of global trade. EDC also provides trade insights and advisory services, working with diverse sectors to enhance Canada’s global economic connections and sustainability initiatives.

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Pytheas Capital is a French FinTech specializing in payments, funding, and invoice management in compliance with electronic invoicing. Through its TRESO2 platform and financial ecosystem expertise, Pytheas offers payment and financing solutions, cash flow optimization, and invoice process automation.

CEO of Pytheas Capital, Mr. Ludovic Sarda, will be the main contact for ITFA matters.

Mr. Sarda explained that Pytheas Capital’ mission is to foster collaboration between buyers and suppliers.

TRESO2 is a SaaS platform fully integrated with APIs, featuring three key modules:

• TRESO2 Conformity: supplier compliance management, KYC/KYS data collection, and CSR assessment.

• TRESO2 Invoice Hub: invoice processing and electronic invoicing (PDP certification by the French state).

• TRESO2 Payment & Funding: centralization of payments (EBICS, SWIFT) and invoice financing (factoring, deferred/early payment, reverse factoring, dynamic discounting).

Key partners include Bpifrance and Arkéa.

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Monarch Associates (Matopos) Ltd. (“Monarch”) is a debt recovery consultancy firm based in the UK with a presence in the UK, Canada, US, and Dubai with a network of local associates across Africa, Latin America and other emerging & frontier markets.

Directors of Monarch Associates (Matopos) Ltd., Mr. Eric Alsembach and Mr. Rupert Dower Tylee will be the main contacts for ITFA matters

Mr. Alsembach stated that Monarch focuses on recovering corporate and sovereign private debt defaults such as prepayments, bank loans, EPC contracts, trade credit receivables and other forms of private debt.

Monarch’s main clients include insurance companies, banks, export credit agencies, commodity traders, multinationals & private credit funds. Monarch also deals in resolving inconvertibility and transferability of currencies and solving other complex special situations for our clients in non-OECD countries.

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WSFS Bank

Established in 1832, WSFS Bank is a leading financial institution in the Greater Philadelphia and Delaware region, operating as a subsidiary of WSFS Financial Corporation, a multibillion-dollar financial services company. With a rich history spanning nearly two centuries, WSFS has built a strong foundation of trust and reliability within the communities it serves. We offer a comprehensive suite of financial solutions, including commercial and consumer banking, treasury management, wealth management, and a growing focus on Trade Finance.

At WSFS, we prioritize client relationships, fostering a culture of service excellence and community engagement. Recognized as a top workplace for its culture and employee engagement, WSFS demonstrates a commitment to both its employees and the communities it serves. This dedication is reflected in our significant community involvement, with over 18,000 hours volunteered in 2023.

As of September 2024, WSFS Bank reported $20.9 billion in assets and $87.2 billion in assets under management and administration, demonstrating our strong financial position and capacity to support the evolving needs of our clients.

For further information on WSFS Bank’s Trade Finance solutions, please contact:

Christian Gil

SVP, Director of Trade Finance Sales

Phone: +1 484-804-7050

Cgil@WSFSbank.com 

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Interested in joining our growing institution? Please click here » Membership Benefits (itfa.org) for more information or send us an email on info@itfa.org.