Trade Finance Document Automation Platform
By increased efficiency in operations and strengthened operational control, SIMBA is expected to improve the Customer Experience in Trade Finance Document processing. Traditional documentary trade needs millions of data elements in paper-based, unstructured documents, which are issued often by various companies. It takes a largely manual process to review the documents, which by implementing Trade AI Engine gets automated to a significant extent.
The solution helps financial institutions in converting non-digitized International Trade documents into machine-readable format through Optical Character Recognition (OCR), which also identifies and classify trade document types.