Cleareye.ai, a pioneer in digital trade finance, recently declared a significant investment from J.P. Morgan’s Trade and Working Capital group. The fund is aimed at expanding Cleareye.ai’s digital reach in the trade finance industry.
The ClearTrade Platform, Cleareye.ai’s innovative solution, is transforming the landscape of trade finance. By smartly interpreting data and documents, it identifies trade-based money laundering (TBML) and sanctions red-flags, thereby streamlining complex manual verification procedures. Equipped with a high-tech document digitisation engine, it has the capability to extract, validate and appropriately categorise unstructured data.
James Fraser, global head of Trade & Working Capital for J.P. Morgan, emphasised the need for true innovation in a manual, paper-laden industry burdened with escalating costs and the lack of standardisation. He said, “We are delighted to invest in Cleareye.ai as they deliver this innovation through meaningful solutions for us and our global financial institutions clients.”
Expressing her delight at the partnership, Cleareye’s CEO and co-founder Mariya George said, “We are thrilled to increase our work with J.P. Morgan, leveraging their investment to reinvest in our technological innovation, bringing expert solutions powered by artificial intelligence to the forefront of banks’ digital strategies.”
In conjunction with J.P. Morgan’s investment, Cleareye.ai plans to enhance its offerings continually, thus setting a high standard in digital innovation that all trade finance banks can benefit from.
Cleareye.ai is a ground-breaking artificial intelligence & machine learning platform headquartered in California. It helps banks to fast-track product launches with a comprehensive document processing layer, unified machine learning lifecycle management, data management, model governance, and dynamic rules engine leveraging natural language processing (NLP). Their mission is to simplify banking, transform banks into highly agile organisations and deliver an outstanding customer experience to sustain digital momentum at scale.
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