Digitize trade documents. Automate checks. Approve with confidence.
Global trade transactions are critical yet complicated, often bogged down by manual document review, fragmented compliance checks, and evolving regulatory requirements. TradeScreen, developed by Trademo and now available on the IBM Cloud Catalog, addresses these challenges head-on, revolutionizing trade transaction management for financial institutions, logistics providers, and customs authorities.
What is TradeScreen?
TradeScreen is an advanced AI-powered platform designed to digitize, classify, and automate compliance checks for a broad range of trade documents including Letters of Credit (LC), Bills of Lading (BoL), Commercial Invoices, Certificates of Origin, Packing Lists, Insurance documents, and more.
TradeScreen performs comprehensive compliance checks, including documentary checks (UCP 600, ISBP 821), goods screening, sanctions, AML, TBML, and maritime risks, powered by advanced AI vision models and Trademo’s proprietary Knowledge Graph (TrademoKG).
Key features of TradeScreen:
-
Document Digitization & Classification: Seamlessly upload and automatically classify trade documents like BoLs, LCs, invoices, and packing lists using AI, removing manual sorting and speeding up workflows. Supports bulk upload via API, SFTP, drag-and-drop, and SWIFT files for high-volume processing.
-
Document Data Extraction: Extracts structured information from various document formats using OCR and vision models, reducing manual data entry and improving accuracy.
-
AI-Powered Document Classification: Automatically classifies various types of trade documents (LCs, BoLs, invoices, packing lists, etc.), eliminating manual sorting and streamlining workflows.
-
Comprehensive Document Verification: Automatically verifies documents against ICC trade finance rules (UCP 600, ISBP 745, URC, and URDG), reducing errors and compliance risks.
-
Holistic Risk & Compliance Checks: Screens all entities, goods, vessels, and document patterns for sanctions, Anti-Money Laundering (AML), maritime violations, Trade-Based Money Laundering (TBML), and restricted items in real-time.
-
Dynamic Risk Scoring: Each compliance check whether sanctions, AML, goods screening, or UCP is assigned its own risk score. This provides granular visibility into specific risk factors and helps teams make faster, more informed decisions.
-
Actionable Workflow & Decisioning Capabilities: Features robust maker-checker workflows, exception handling, and configurable risk policies that streamline decision-making and ensure compliance traceability.
Practical Use-Cases:
-
Banks, Insurance and Fintech: Automate Letter of Credit validation, MT700 matching, AML screening, and UCP 600/ISBP compliance checks, saving up to 75% of manual review time and accelerating LC processing.
-
Logistics Providers: Ensure document accuracy and perform goods screening at shipment-level, drastically reducing processing delays, fines, and compliance issues.
-
Customs Authorities: Quickly screen cargo documentation, detect document fraud, and perform entity-level screening to enhance border clearance efficiency.
Unique Differentiators:
-
A unified, AI-driven platform eliminating the need for multiple disjointed compliance tools.
-
Real-time cross-document intelligence providing deeper insights beyond basic field-level validation.
-
Seamless integration with existing banking, logistics, and customs systems, delivered via IBM Cloud.
-
SOC2-certified platform ensuring enterprise-grade security and compliance.
Proven Impact for TradeScreen Customers:
TradeScreen customers have experienced:
-
75% reduction in manual effort, enabling teams to focus on strategic compliance priorities.
-
70% reduction in false positives, dramatically increasing analyst efficiency.
-
Significant improvements in fraud prevention, identifying and addressing risks proactively before transactions are processed.
TradeScreen is not just enhancing compliance—it's transforming global trade operations, empowering businesses to move faster and with greater confidence.
Digitize trade documents, automate checks, and approve transactions with confidence using TradeScreen, now available on the IBM Cloud Catalog.
Explore client references and learn more at https://www.trademo.com/trade-screen.
#Cloud
#IBM Supply Chain Intelligence Suite
#Governance,RiskandCompliance