Global trade financing sits at the heart of the relationship between banks and corporations. Although this is a business characterised by small margins, the volume is huge; by 2026, trade finance flows are predicted to reach US$24 trillion.
Given this growth trajectory, banks identify trade finance as a critical pillar of their future business strategy. And data is at the centre of it all.
According to the ICC global trade report, 78% percent of banks have implemented or are in the process of implementing technology solutions to digitise their trade finance operations with automated solutions, such as Cognitive Machine Reading (CMR).
Trade finance organisations can leverage Cognitive Machine Reading to create:
- Paperless Processing
- Centralised Trade Finance Operations
- Automated Workflows
Learn how Trade Finance organisations can adopt AI technology, like CMR to use more of their data, and become a strategic resource for banks worldwide.
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