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Intellect launches trade and supply chain finance solution

Monday 21 February 2022 13:33 CET | News

Intellect Global Transaction Banking (iGTB) has launched iColumbus.ai, named after the pioneer whose discoveries eventually opened up the world to truly global international trade. 

iColumbus.ai is on a mission to disrupt the way that trade business is conducted today, helping banks differentiate themselves through digitalisation, enhance operational resilience, and champion sustainability. iColumbus.ai is an Artificial Intelligence powerhouse for trade finance, enabling the extraction, validation, remediation, and enrichment of machine-readable data whilst radically reducing the time, cost and risk traditionally associated with manual compliance checks. The native AI engine, working in combination with advanced machine learning, natural language processing, and computer vision techniques can contextualise and process 500 different document types in 87% less time with complete accuracy.

The iColumbus.ai ecosystem comprises several strategic partnerships including essDOCS for paperless trade and Coriolis Technologies for advanced data analytics and ESG kite marking.


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Keywords: supply chain finance, trade finance
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech






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