TRADE X will expand its data-science team, with the goal of enhancing and expanding the reach of its end-to-end platform for global automotive trade. A global B2B cross-border automotive trading platform based in Canada, TRADE X’s press release stated that this move will “focus on leveraging the platform’s data and analytical capabilities to support the company’s strategic focus of adding new international trading corridors.”
The TRADE X ‘Brain’ platform is a machine-learning, AI-driven technology that “provides insights into global vehicle availability and valuation and is powered by unique models that identify regions where certain automotive makes and models are in highest demand.” TRADE X connects global automotive buyers and sellers and they recently revealed a large expansion plan to open numerous new international trade corridors over the next 12 months.
“As supply chains undergo a once-in-a-generation reconfiguration, cross-border delivery has become more complex,” said TRADE X Executive Vice President and Chief Operating Officer Luciano Butera. “TRADE X is at the forefront of import/export modernization by removing the friction in global vehicle trading, creating new and better options to connect automotive dealers globally, and reducing counterparty risk.”
The TRADE X platform was created so that customers “gain trust, control, and insights into all aspects of global trading, including title management, buyer/seller sourcing and connectivity, customs and border process, regulation and admissibility requirements, taxation and fees, supply chain and logistics, condition and servicing of inventory, as well as the processing of complex multiparty financial transactions in different currencies,” reports the company website.
The company connects pools of demand in emerging markets to a global supply network, “solving for lack of availability in smaller jurisdictions.” As more buyers and sellers are enabled to move inventory across international borders, TRADE X “is quickly building its market share while expanding the total addressable market.”
TRADE X Chief Data Scientist Wally Trenholm, who designed TRADE X’s state-of-the-art ‘Brain’ platform, is adding another accomplished data professional to his team, bringing on Maithili (Mai) Mavinkurve as Vice President of Data. She will focus on leading the governance of TRADE X’s growing data asset portfolio to better support integration and improve how dealers buy and sell pre-owned automobiles globally.
