TradeSpeed
Your generative AI co-pilot for documentary trade and financial crime compliance
About this app
TradeSpeed automates the document verification process and anti Financial Crime verification processes on Trade Finance transactions.
Functionalities include:
- Trade Finance documentation identification and verification
- Sanctions Screening
- TBML Red Flags checks
- Vessel Monitoring
It is targeted at banks with a Trade Finance activity, as well as corporates requiring pre-check (document verification prior to transmission to a bank).
The solution is configurable, over 1,000 checks are readily available out of the box, and will just need to be trained based on each customers’ data.
Ideally the solution is deployed in the Cloud but can be deployed on premises if required.
Education and empowerment
TradeSpeed empowers Trade Operations teams to make informed decisions and improve their performance. TradeSpeed allows Trade Operations teams to retain their knowledge and expertise and share it with new members of staff.
Discrepancy identification
TradeSpeed is capable of identifying only actual discrepancies on any Letter of Credit. TradeSpeed generates a narrative text like a CDCS-qualified expert
Straight-through processing
The AI model used by TradeSpeed allows for full automation of the end to end process - from Data extraction to document identification and validation, TBML checks, Sanctions screening and Vessel Monitoring.
