ClearTrade®
Future-proofing trade
Description
ClearTrade® offers a comprehensive suite of solutions engineered to assist financial institutions in serving their clients with enhanced speed and efficiency. The platform aims to improve productivity, generate new revenue streams, and ensure robust regulatory compliance, all while effectively managing operational risks inherent in trade finance.
By utilizing advanced technologies such as Optical Character Recognition (OCR), Machine Learning (ML), and Natural Language Processing (NLP), ClearTrade® automates the classification and extraction of data from unstructured trade documents. It provides capabilities for identifying Trade Based Money Laundering (TBML) red flags, conducting sanctions screening, performing automated document examination against industry standards like UCP and ISBP, assessing ESG factors in transactions, and offers a customer portal for document pre-checking.
Key Features
- Automated Digitization: Leverages advanced OCR, ML, and NLP for classification and extraction of data from unstructured trade documents.
- Compliance & TBML Management: Automates identification of TBML red flags, fair price, dual-use & high-risk goods, and validates vessels & Bills of Lading, flagging sanctioned entities and high-risk port calls.
- Efficient Sanctions Screening: Employs comprehensive Noun Extraction and duplicate elimination for effective sanctions screening, with integration to enterprise systems.
- Document Examination & Workability Checks: Features a dynamic, configurable rules engine (UCP, ISBP, URC, URDG) and an end-to-end workflow for automated document examination, discrepancy identification, and back-office integration.
- ESG Assessment: Assesses trade transactions based on buyer, seller, distribution, and use of proceeds from an ESG perspective to track customer trends.
- Customer Portal: Allows corporate clients to pre-check documents under export LCs and manage Direct Collections.
Use Cases
- Streamlining trade finance operations for financial institutions.
- Automating due diligence and compliance checks in trade finance.
- Reducing manual processing of paper-heavy trade documents.
- Enhancing detection of Trade Based Money Laundering (TBML).
- Ensuring adherence to international trade regulations and standards.
- Improving accuracy and speed in document examination.
- Integrating ESG considerations into trade transaction analysis.
- Providing self-service document validation for corporate clients.
You Might Also Like
Radiant Security
Contact for PricingAdaptive AI for SOC Automation
Refiner
FreemiumGet spot-on insights from your users with perfectly timed microsurveys
resumed.work
FreemiumWe give you the tools to optimize your next job search, and maximize your career success.
InvestAlert.ai
OtherAI-Powered Investing Tools (Service Discontinued)
Faktor
PaidStreamline 2FA code entry from your phone to Chrome.