Cleareye.ai

Cleareye.ai’s advanced AI platform ClearTrade® helps banks accelerate and future-proof Trade Finance operations while reinvesting savings into enhancing controls and risk management.

Partner product overview

  • ClearTrade® is a cloud-enabled low-code platform that delivers configurable workflows through a digital workbench comprising of three modules: 1) digitization 2) compliance and 3) auto doc exam.
  • ClearTrade has been integrated with J.P. Morgan’s trade processing system and is live in APAC & EMEA region, with a global rollout planned over the coming quarters. This has allowed J.P. Morgan’s trade and working capital to future proof its operations and technology.
  • The Digitization module uses ICR/OCR, NLP and ML models to intelligently extract information found in trade documents and maps directly to bank’s back-office system.
  • The Compliance module further uses extracted data and comprehensively screens across all transactions for trade based money laundering (TBML) and sanctions red flags. 
  • The Auto Doc Exam module with a contextual and configurable rules engine per industry standards UCP & ISBP, identifies discrepancies and optimizes processing for trade operations.

Benefits with J.P. Morgan

  • Extracts and integrates data from images. Eliminates manual rekeying, making ops faster & efficient.
  • Comprehensive noun extraction & elimination of duplicates for efficient sanctions screening.
  • Automated and user assisted identification of trade-based money laundering red flags.
  • Validation of vessel and bills of lading, including flagging sanctioned entities and port calls.
  • Dynamic rules engine – customizable, configurable & compliant with UCP & ISBP standards.
  • End to end workflow solution, identifying discrepancies & enforcing doc exam rules.
  • API based seamless integration to banks back-office system.

Solution availability

  • NAMR
  • APAC
  • EMEA

Cleareye.ai’s advanced AI platform ClearTrade® helps banks accelerate and future-proof Trade Finance operations while reinvesting savings into enhancing controls and risk management.