Mercuria CSR Report 2020 - Flipbook - Page 89
The CURL initiative
Spear-heading industry consortiums
Mercuria is collaborating with an innovative FinTech
We at Mercuria firmly believe that whilst some
start-up to deploy Optical Character Recognition (OCR)
initiatives are best deployed in-house, there are also
and
Machine
Learning
broader industry issues that no one group can tackle
capabilities to assist in
alone. That is why we have been at the forefront of
increasing the accuracy
some of the industry’s recent consortium approaches
and speed of verifying a
to
range of documents used
forward. Mercuria was at
across the back office. This benefits the accuracy and
the inception of both VAKT
moving
our
markets
efficiency of Mercuria’s operations but also benefits
and Komgo which strive to
Mercuria’s counterparts and partners through timely
digitize various aspects of the
settlement of obligations and precisions of dealings
commodity trading industry.
with Mercuria.
Having successfully co-founded both initiatives
Mercuria has now taken up the mantle of being a
value-add shareholder of both initiatives by driving
adoption through committing volumes and fully
integrating with both platforms as an active user and
industry advocate.
We always believe there is more that can be done and
improvements that are possible which have not yet
been deployed. We are actively looking for others to
co-invest and co-ideate with us in more projects which
will support the transition to a more transparent and
sustainable supply chain.
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