The CURL initiativeSpear-heading industry consortiumsMercuria is collaborating with an innovative FinTechWe at Mercuria firmly believe that whilst somestart-up to deploy Optical Character Recognition (OCR)initiatives are best deployed in-house, there are alsoandMachineLearningbroader industry issues that no one group can tacklecapabilities to assist inalone. That is why we have been at the forefront ofincreasing the accuracysome of the industry’s recent consortium approachesand speed of verifying atorange of documents usedforward. Mercuria was atacross the back office. This benefits the accuracy andthe inception of both VAKTmovingourmarketsefficiency of Mercuria’s operations but also benefitsand Komgo which strive toMercuria’s counterparts and partners through timelydigitize various aspects of thesettlement of obligations and precisions of dealingscommodity trading industry.with Mercuria.Having successfully co-founded both initiativesMercuria has now taken up the mantle of being avalue-add shareholder of both initiatives by drivingadoption through committing volumes and fullyintegrating with both platforms as an active user andindustry advocate.We always believe there is more that can be done andimprovements that are possible which have not yetbeen deployed. We are actively looking for others toco-invest and co-ideate with us in more projects whichwill support the transition to a more transparent andsustainable supply chain.94
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