Processing Automation In Trade Finance Process

Intelligent Trade Finance Automation using Blockchain & AI. A fully automated Trade Finance Solutions for Banks across the globe, comprising RPA and advance cognitive automation.

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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.

SIMBA: SimplyFI Bank Automation

Blockchain Trade Finance Platform

The product SIMBA, can be seamlessly integrated to bank’s ERP systems, enabling them to streamline their trade documents flow between SIMBA and their existing apps. This automated solution improves effectiveness and efficiency of handling the trade operations and, which will in turn benefit the customers of the bank in faster release of their trade documents reducing the wait time.

Automated compliance check and validation

Manage required compliance checks and data validation through a single solution.

Extract and auto classify trade documents

Market statics growth & advance analysis.

ML validated reports

Generates AI-enabled reports, post-analysis of trade document checking against LC.

Trade Finance Document Automation

Automated Trade Finance platform SIMBA does the job of a banker by scrutinizing all the trade documents instantly and automatically on one click against a letter of credit considering all the check points guided by ISBP 745, UCP 600 articles and any other applicable publications.

Rapid Classification

Accelerating Trade Finance Documents classification makes bank sufficiency checks to expedite.

Machine Learning

Machine Learning enables the solution to adapt to the context of a specific business environment.

Document Screening

Automated Document pre-sanction screening reduces risk and improves compliance.

Cross Document Validation

Our AI engine checks for duplications and errors in the trade documentation that can slow or reject the processing of transactions.

Optimized Process

Optimized Trade Finance processes increases transaction capacity and improves performance.

Adherence to ISBP Publications

Our AI engine adheres to UCP 600, URC 522 and URR 725 uniform rules.

Trade Finance Process Automation

Processing automation in trade finance enables banks to undertake the highly sensitive and confidential document scrutiny faster thereby reducing the errors committed by bank users in the manual course of scrutiny. The product also facilitates customers of the bank to apply and submit the L/C application form digitally online though their corporate Internet banking allowing them to streamline their day to day processing of transactions.

01.Scan/upload documents
02. Primary document
03. Completion of the scrutiny process
04. Revised documents scrutiny
05. Sent to the checker
06. Validation of the overall report
07. Revalidation
08. Completes the transaction

Streamline Trade Finance with SIMBA

Digital Platform Automating
Entire International Trade Document Scrutiny.

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