Trade Finance Solution Framework

• Multi-channel capture and image optimization capabilities turn hard to read Trade Finance documents into readable digital files
• Document identification of and extraction of data from core trade document types
• Extraction of > 170 fields from trade documents
• Pre-trained trade documents expedite automated separation, merging, classification, and extraction
• Ingestion and interpretation of SWIFT messages in both, electronic and paper form
• Processing of trade data delivered by backend systems in any form (electronic / paper)
• Mandatory document check functionality
• Maker / Checker setup available
• Built-in integrations for screening and bank / finance systems
• Built-in blacklist/whitelist checking capability
• Enhanced with the Advanced Rules Management Framework allows configuration and management of automated business rules and cross-document rules
• Pre-built SWIFT and trade data validation rules
• Advanced analytics identifies process inefficiencies.
• Audit trail for full insight into processing status of a transaction
• Various Export options to deliver validated data to multiple downstream processing systems (screening, bank systems, etc.)
• Produce swift-compatible output of data
• Customizable look & feel with configurable design elements

• Reduce or eliminate manual data entry tasks allowing employees to focus on higher value-add activities
• Reduce Cost by minimizing manual work activities
• Shorter processing time drives operational scale through automating trade document processing activities
• Data validation routines lead into higher data quality which is used in downstream activities like screening
• Pre-built connectors and integration points
• Intuitive, easy to use, out of the box User Interfaces (administrative and exception handling)
• Fully documented audit trails
• Extensive reports provide full visibility into transactions processing times and activities
• Matching of data on various documents using Advanced Rules Management Framework
• Accelerated implementation expedites the path to production to drive faster ROI
• Stress-free maintenance with Assurance Services

High demands in compliance regulations, sanctions enforcements and fully audited screening activities along with higher volumes in trade transactions driven by the pandemic, lots of varying documents and shorter processing demands by customers are only a few of the key challenges in the world of trade finance.

Banks and financial institutions are transitioning into digitized solutions in order to catch up with these increasing requirements, increase efficiency and reduce disruptions by staying compliant.

The Trade Finance Solution Framework is built on the Tungsten Intelligent Automation software platform, applies cognitive capture, process orchestration, advanced analytics, artificial intelligence (AI) and other digital automation to transform information-intensive business processes, reduce or eliminate manual work and errors, minimize costs and improve customer satisfaction and engagement.

Individual touchpoints, especially the critical ones for processing extensive documents, prepare and deliver the extracted data for sanctions screening and other related systems, speeds up end-to-end processing time, mitigate compliance risk and increase competitiveness, growth and profitability.

The Trade Finance Solution Framework is a modular, configurable framework, that fits into existing solution landscapes to connect bank / finance systems with screening applications and others to automate tedious, manual processes and as such accelerates building the customer´s end-to-end solution to automate trade finance related processes.

Various functional modules are available that could be used in isolation or combination.