CGI to pilot intelligent global trade automation

Tuesday 26 October 2021 15:00 CET | News

CGI has partnered with the Bank of Montreal (BMO) and the National Bank of Canada (NBC) to pilot the use of intelligent process automation in capturing, identifying, and classifying documents as part of the CGI Trade360 global trade platform’s transaction flow. 

The purpose of the pilot is to help these banks and others accelerate their digital transformation by automating paper document flows, ultimately improving their trade finance operations, compliance and relationship management. CGI collaborated with technology partner Conpend, a leading provider of artificial intelligence solutions for trade finance processes, in planning and executing the pilot project.

The pilot proved the integrated CGI Trade360 and Conpend solution reportedly increased efficiency and effectiveness of trade finance processes for the participating banks. The project team also documented accuracy and data capture rates as part of a broader set of metrics, which will be used to benchmark the commercial version of the Trade AI platform.

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Keywords: trade finance, partnership, artificial intelligence, banks
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech

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