A leading Indian bank automates their trade finance processes, leading to improved business efficiency.
A leading Indian bank automates their trade finance processes, leading to improved business efficiency.
2 PagesCOMPANY PROFILE CHALLENGES TECHNOLOGY/OPERATIONAL CHALLENGES Employees had to read through documents manually to identify 200+ data points Huge volumes of trade documents in unstructured formats required processing 40,000 employees Revenue US $3.1 BILLION Trade finance processes were manual in nature, leading to a loss of business efficiency Fund transfer documents were in multiple templates, leading to inconsistencies and errors in the process External systems were used for downloading documents and uploading captured data points Varied documents, such as bills of exchange, shipping bills, request letters, invoices, etc. spanned across various processes SOLUTION The AntWorks Solution The ANTstein platform works in combination with cognitive machine reading (CMR) technolo
