TradeSpeed
Trade finance operational efficiency is unquestionably inhibited by the predominance of paper documents, manual processes, and the complex regulator-driven standards that need to be upheld. The extent of data required paired with the manual document-checking process and compliance requirements means that companies and banks put up with inefficient and ineffective processes.
The Co-Pilot for your Trade finance Operations
1 / Generative AI-powered data extraction
We are the first fintech to use Generative AI and large-language models in data extraction, which brings our automated data extraction accuracy to an unprecedented level of over 95%.
2 / Integrate seamlessly into existing systems
TradeSpeed can be integrated seamlessly into all banks' back-office operating systems, proprietary, on-premise or cloud/SaaS.
3 / Cater for 50 languages
The system is able to work with over 50 languages and all type scripts and characters, even logos and handwriting.
4 / Unprecedented level of check explainability
Each hit that TradeSpeed identifies comes with a risk rate, as well as a full explanation of why the score was generated. This makes TradeSpeed perfect for new recruits or as a training guide for users.
“This is about our people, and using technology to help them in their day-to-day roles. TradeSpeed will empower our operations team members to focus on making decisions rather than completing time-consuming tasks. ”
Burak Aslan, Lead Product Owner Trade Finance at ABN AMRO.
TradeSpeed's modules
Your co-pilot for trade finance operations
Data Extraction
Automated document examination
Dual-use goods screening
Document Fraud
Sanctions screening
AML red flag automation
Vessel Monitoring
Price checking
Digitise your trade finance operations with AI enhanced data extraction capabilities
AI-powered data extraction specific to trade document
Our generative AI models are meticulously pre-trained on customary trade documents, boosting accuracy to over 95%
Classification of unstructured data into structured data for contextual understanding and processing
Fine-grained structured data extraction enables transversal understanding across documents for enhanced speed
Data extraction supporting more than 50 languages and multiformat content
Unparalleled accuracy across multilingual presentations, including typed text, handwriting, logos and most common alphabets and symbols
10x your documentary check speed and eliminate human error
Automated LC examination checks for discrepancies across documents
Speed up document examination with 1000+ automated checks and ready-to-use discrepancy statements for MT734 Refusal Notices
70+ expert-designed AML red flags plus customisable options
Use our comprehensive set of AML red flags, created by trade finance experts, or enhance them with your institution's custom red flags
Targeted, daily screening against up-to-date sanctions lists
Mitigate potential risks and reduce false positives by >70% with entity type-specific screening against current lists
Peace of mind through explainable and transparent decisioning
Defensible decision-making with detailed check explanations
Understand and explain each decision with descriptive and detailed natural language narratives for every check in the examination process
Complete audit trail of activity in the system
TradeSpeed's audit trail tracks system and user activity across every step of the process for full transparency and oversight.
Spotlight areas for investigation with complete precision
Achieve faster output on examinations guiding your doc examiners to specific areas for scrutiny with full explainability of issues and alerts
What people say about TradeSpeed
TradeSpeed will empower our operations team members to focus on making decisions rather than completing time-consuming tasks. This will ensure increased capacity for value added service towards our clients.
Burak Aslan
Lead Product Owner Trade Finance at ABN AMRO
Complidata has implemented TradeSpeed, an innovative automated document examination system, streamlining the complex and high-risk process of manually reviewing Letters of Credit.
Gary Collyer
Chairman of drafting groups for the UCP 600, Trade Finance Consultant and Trainer
