• OCR and Machine Learning

    Reduce transaction costs by automatically transferring paper-based content into back-end systems and screen documents for compliance and consistence

  • Digital Transformation of Trade

    Reduce operating costs and operational risk by digitising Documentary Trade  processing with Trafinas in a few weeks

  • Increase revenues

    Expand your Trade Finance business by enhancing the customer experience and leveraging advanced business analytics with Trafinas

Trade Finance is an increasingly risky business

Trade finance, in its broadest interpretation, can be described as being the facilitation by the bank of the movement of goods and services between two points, both within a country’s boundaries as well as cross border. Regulators and international bodies consider these business activities as a higher risk area for money laundering, terrorist financing, corruption and breaches of (inter)national sanctions. Banks play an important role in this by providing financing, hedging financial risks, executing (international) payments and enforcing (international) regulatory policies. However, 97% of all transactions are paper based making current processes error prone and time consuming.

Fines for embargoes violations

In the last 10 years banks around the world have been fined more than $ 16.5 billion by various regulatory bodies for failure to comply with international sanctions. Charged with policing the financial system, Banks face a growing requirement to implement and demonstrate utmost compliancy to both local and international regulations.

Increasing number of reoccurring investigations

With the rise of financial crime comes also the need for more extensive Anti Money Laundering (AML) checks specifically for trade such as price checks on the goods, duplicate invoicing, etc. However, such checks are almost impossible to perform effectively manually and all the necessary details are contained in the documents making automation challenging resulting in a high risk of missing essential red flags.

Speed and service paramount to remain competitive

In an increasingly competitive market, clients place higher demands on the speed and quality of the service they receive. This puts banks with a dilemma where coping with the increased regulatory requires and at the same time delivery as expected can only be achieved with significant cost increases.


Trade Finance Assurance – The right tool for the job

Revolutionary data capture to handle massive variation

Trafinas uses revolutionary data capture technology which departs from the traditional template approach and uses modern big data concepts to accurately extract data from unstructured text. Using an evolving data set and user supervision a real-time feedback loop is created, similar to bias units in a neural network, which enables exceptional accuracy.

Robotic Process Automation for Trade Finance

Machine Learning and Artificial Intelligence married with a configurable workflow, allow for the automated movement of work between Clients, Operations and Compliance. The inline configuration capabilities empower Business users to independently operate and maintain the system avoiding costly IT change cycles.

Powerful two-way Sanction Screening

Sanction screening is automatically performed on both the extracted data and all remaining text, covering 100% of the submitted documents. The Bank’s own specific sanction lists can be used along with any relevant grey or white lists. Machine learning is applied minimizing the number of false positives without the application of extensive static rules.

TBML and Document Checking

Additional checks covering Trade Based Money Laundering (TBML) red flags and internal compliance controls are performed in parallel with checks on the documents themselves. Interpretation of the Letter of Credit (LC) clauses in the relevant SWIFT messages is achieved using Natural Language Processing (NLP) and user supervised machine learning which in turn dynamically adds or refines the rules applied.

End to end audit trail encompassing all aspects of every transaction

An extensive audit trail of all activities is included through the Case Management capability which ensures that all correspondence over a transaction, including with Clients, along with other relevant documentation is stored in a “single version of the truth” for audit purposes.

Modern Architecture with numerous integration options

Given its modular, micro service based design, Trafinas can easily integrate with existing Client Portals and Trade Finance or Core Banking back office systems. Use of existing infrastructure such as Document Management Systems for text extraction (OCR) and document storage is supported and Trafinas has been successfully deployed both on premise and in the cloud.

Hosting and Engagement

Leveraging a broad Partner network, we ensure rapid implementation and a smooth transition to a new way of working through hands on knowledge transfer and detailed documentation.

On Premise

Trafinas can be hosted entirely on premise giving you the option to leverage the infrastructure you already own.

Public or Private Cloud

Trafinas has been designed for the cloud delivering unbeatable scalability and supports both Microsoft Azure and AWS.

Software as a Service

Trafinas is available as a managed service and can be configured and managed at tenant level providing an entry level solution.

Best Practices

We provide an agile approach to implementation based on best practices from in the field enabling rapid implementation.

Comprehensive Training

Training is provided by Trade Finance practitioners using a hands-on approach which enable quick uptake by the organisation and a smooth transition to a new process.

Premium support

We believe that exceptional client experience is key to ongoing success and make it a priority that your needs are met.