New fintech partnerships to push automation in trade finance with Lloyd’s List Intelligence
Pushing automation in trade finance.
A data-sharing collaboration with Lloyd’s List Intelligence augmenting Traydstream’s compliance engine, giving access to global maritime data.
Augmenting the Compliance Engine
Traydstream, a trade finance fintech firm, has entered into partnerships to expand its newly-launched trade digitalisation and compliance screening solution. Click Here to see on GTR.(Global Trade Review)
A collaboration with Lloyd’s List Intelligence, a global maritime intelligence service, provides Traydsteam’s clients with access to its global network of specialist maritime data, including real-time tracking of shipping vessels, vessel characteristics and cargo information.
This engine uses machine learning algorithms to quickly scrutinise the digital transaction data for a range of issues, such as blank fields, the inconsistency of names, industry-specific legislation, sanctions and country restrictions, to help banks and large corporations tackle anti-money laundering (AML) and compliance issues.
The new capabilities will be incorporated into its digital solution and represent the next phase in Traydstream’s expansion.
