Trade Finance Automation
AI-Powered Trade Document Check Automation Solutions
By increased efficiency in operations and strengthened operational control, SIMBA is expected to improve the Customer Experience in Trade Finance Document processing. The platform is equipped with a robust engine that provides significant automation of document checking and validation, compliance and AML checking from paper documents. It Validates consistency of data between documents and verifies extracted data against several universally accepted LC terms.
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.