AI Hallucinates, Trade Doesn't: How CATTS Founders Turn Data Chaos into Compliance Clarity

Simply Trade

Jul 31, 2025•43 min•Ep. 330

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Episode description

Peter and Nick Bolters, founders of CATTS, discuss the evolution from paper-based trade to digital systems, emphasizing the need for technology to keep up with changing regulations. They highlight the importance of understanding data context and the challenges of integrating disparate systems. The conversation also touches on the role of AI in trade compliance, the potential of blockchain, and the increasing responsibility of traders in ensuring accurate declarations. The episode concludes with a focus on the importance of international partnerships between trade and authorities.

Key Points of the Simply Trade Podcast Episode with CATTS Founders:

1. Transition from paper-based to digital documentation

2. Challenges of generic AI tools in trade classification

3. Growing alignment between international customs authorities

4. E-commerce and Future Trade Challenges

5. Key Compliance Strategies

Contact the experts featured: https://catts.eu/about-us/contact/

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