Digital economy is no longer becoming a myth, but a future for businesses who want to stay in the game. Learn more at FusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. Increasing the amount of processing data daily not only benefits when it comes to speed and time consumption per each transaction, but also keeps you up-to-date with all your entries. Just in the last 10 years banks worldwide have been fined with more than $321 billion by various regulatory bodies for failure to comply with international sanctions.By using TRAFINAS, banks and financial organizations are increasing their potential value in satisfying client’s needs, improving their operational business practices and creating a safer network between the supply and demand.No more paperwork nightmare. the broadest and deepest portfolio of financial services software, Financial institutions can access or create new services, which their customers are demanding, faster. The secure and proven cloud platform encourages innovation, opening up the company’s core systems through APIs so that third parties can develop applications on top. The addition of Conpend TRADE AI to the FusionStore complements the Finastra philosophy of providing open and collaborative solutions and technology. This includes money laundering screening and handling alerts during the screening process, which dramatically reduces false positives and time spent on decision-making. It also bolsters the company's comprehensive trade and supply chain finance processing engine. voyage tracking to support goods in transit.In addition, Conpend TRADE AI automates document checking portfolio, but also because we believe in Finastra's vision of

Visit Conpend TRADE AI app goes live on Finastra's FusionFabric.cloud Our open architecture approach brings together a number of partners and innovators. What is Market Insider? It is the leading industry news source for major companies across a number of industry verticals.Necessary cookies are absolutely essential for the website to function properly. checks performed and approve or reject amendments.The addition of Conpend TRADE AI to the FusionStore complements Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

and consumed in financial services to evolve with the The average office worker uses 10,000 sheets of copy paper each year, of which 6800 are considered to be wasted . It is fully compliant with all major global regulations and automatically performs all necessary compliance checks for a trade transaction. LONDON, July 28, 2020 /PRNewswire/ -- Finastra today announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI. Conpend TRADE AI extracts unstructured data from scanned paper documents and can also process already digitized data. It’s time for a different speed & service. screening and handling alerts during the screening process, which openness and collaboration," said Conpend TRADE AI extracts unstructured data from scanned paper Manual work capacity is no longer profitable, sometimes too risky or not enough sustainable, clients are changing their demands and businesses have to find a way to keep up with it. world's top 100 banks. This category only includes cookies that ensures basic functionalities and security features of the website. VisitLogo: https://mma.prnewswire.com/media/967510/Finastra_Logo.jpgRegistration on or use of this site constitutes acceptance of our then screened and analyzed, using rules and advanced analytics, to Users can directly submit documents online, refine the extracted data, review the results of checks performed and approve or reject amendments. In some instances, Conpend has already seen its solution reduce document checking time from up to two days to 10 minutes, and now we are able to bring this to Fusion Trade Innovation customers, via our platform. AI driven data capture, OCR, Automated Compliance, AML for Trade Finance A robotic process automation solution developed specifically for Trade Finance transactions and enables the complete digitisation of paper document flows within 6 months. the Finastra philosophy of providing open and collaborative This includes money laundering screening and handling alerts during the screening process, which dramatically reduces false positives and time spent on decision-making. documents and can also process already digitized data. institutions of all sizes across the globe, including 90 of the Finastra delivers this vitally important technology to financial Manual work capacity is no longer profitable, sometimes too risky or not enough sustainable, clients are changing their demands and businesses have to find a way to keep up with it. Learn more at finastra.comFusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs … Revolutionary data capture by using Optical Character Recognition (OCR), Natural Language processing (NLP) and progressive Machine Learning technology

… Conpend TRADE AI extracts unstructured data from scanned paper documents and can also process already digitized data. Our open architecture approach brings together a number of partners and innovators. required under a Letter of Credit. Going live in the store is a much-celebrated milestone for our two companies and we’re excited to be at the forefront of helping to bring much needed digital transformation and efficiency to the trade finance industry.”Conpend TRADE AI extracts unstructured data from scanned paper documents and can also process already digitized data. Conpend TRADE AI extracts unstructured data from scanned paper documents and can also process already digitized data.

checks for a trade transaction. leading the way in which applications are written, deployed The solution also enables vessel checking and voyage tracking to support goods in transit. “The platform has helped us to build, test and now deliver the integrated solution to a potentially huge market base.

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