Cleareye.ai’s AI-driven solution, ClearTrade®, is designed to transform
the way banks operate, bringing AI-powered document checking,
risk mitigation, and decision intelligence to manage letters of credit,
documentary collections, standby letters of credit, guarantees, and
other financial transactions.
Cleareye.ai’s strategic alliances with companies such as China
Systems, Finastra, Microsoft, and CGI are helping to bridge the gap
and drive innovation, thereby benefiting customers by increasing
efficiency and enhancing customer satisfaction.
1. Advanced Risk Management & Compliance
Delivers robust, automated compliance capabilities tailored for trade
finance. It addresses TBML risks through comprehensive checks,
including maritime assessments, dual-use goods detection, price
validations, and high-risk indicator analysis.
2. Intelligent Document Digitisation & Rules-Based Processing
Digitises trade documents with high precision, automating
classification, data extraction, and workability checks across LCs,
Collections, and Guarantees. Dynamic rules engine—aligned with ICC
standards, including UCP, ISBP, URC, ISP, and URDG, enabling banks
to customise and adapt compliance rules
3. Seamless Integration and Global Adaptability
Integration with Trade Back Office systems ensures easy integration
into diverse banking environments. The adaptability meets the
evolving needs of our clients worldwide, positioning them at the
forefront of the trade finance revolution.
4. Customisable and Comprehensive Solutions
The modular design allows clients to customise functionalities
based on their unique needs, reflecting Cleareye’s customer-centric
approach.
Our strategic alliances with global banks include JPMorgan Chase,
Bank of America, Lloyds Bank, Mizuho Bank, Riyad Bank, Gulf
International Bank, Axis Bank, and others. Many of these banks have
been utilising ClearTrade® for digitisation, document examination,
TBML, and Compliance checks, thereby mitigating their TBML risks
while achieving significant efficiencies. The most recent bank to opt
for Cleareye’s ClearTrade® is RAKBANK.
In a UK first, Lloyds Bank announced in 2024 that it had partnered
with Cleareye.ai to utilise AI and streamline the processing and
compliance checking of trade finance documentation, thereby driving
efficiencies for clients.
Optical character recognition, machine learning, and natural
language processing algorithms extract critical information from both
digital and paper-based trade documentation.
The AI-powered technology conducts automated examinations of
documents – in line with the International Chamber of Commerce
Rules for Documentary Credits and Collections – as well as critical
compliance checks, including TBML checks. Lloyds Bank is using
Cleareye.ai’s solutions to extract information from both paper-based
and digital documents.
JPMorgan Chase has strategically aligned and invested in Cleareye. ai
to help digitise and future-proof trade finance operations.
Sarath Sasikumar, President & Co-Founder, Cleareye.ai, said: “We
are thrilled to partner with some of the well-known Middle East-based
banks in their trade finance digitisation journey with an emphasis on
TBML and red flag automation. This partnership with Cleareye.ai is a
testament to their commitment to staying at the forefront of the battle
against money laundering and other unlawful activities in trade finance,
leveraging the most advanced technology. We sincerely hope many more
banks in the region will benefit from this partnership, as regulators across
the globe are tightening the leash on Compliance and TBM controls.”
Citing the partnerships, Cleareye’s Co-founders Mariya George, CEO
and co-founder, added: “Cleareye’s vision to future-proof trade
finance is powered by our unwavering commitment to customer-
centricity, innovative mindset, laser focus on execution, and deep
technology breakthroughs. Trade finance is the backbone of the
global economy, and we are genuinely excited to be at the forefront
of enabling the transformation that banks are currently undergoing.
By leveraging our strengths, we aim to revolutionise the industry and
drive impactful change.”
Leading banks, including JPMorgan Chase, Bank of America, and
Lloyds Bank, are integrating AI products into their banking operations.
Cross-border electronic Bill of Lading initiatives between MLETR-
harmonised jurisdictions are promoting paperless trade. AI, combined
with OCR and NLP, is reducing processing times from weeks to days
Asia-based institutions, particularly in Singapore, India, and China,
are investing in eBL and MLETR-compliant workflows, enabling them to connect seamlessly with global partners on standardised
digital platforms.
Expect an end-to-end digital transformation as banks will continue
improving their operational processes to deliver better customer
experiences, reduce costs, and ensure secure global trade practices.
They will also work towards providing greater oversight of their
data, platforms, and processes to curb financial crime and boost
consumer trust.
All these predictions are speculative, and the actual trajectory of
changes will vary over the next decade.
We foresee banks, businesses, and governments seeking greater
agility to simplify trade finance operations and make ongoing
adjustments in response to changing trends in trade, tariff structures,
and regulations worldwide.
Cleareye.ai will play a significant role in shaping the direction and
redefining how banks handle trade finance with its powerful platform.
We are here to establish new benchmarks for how banks operate in
the European, US, Middle East, and North African (MENA) regions,
both regionally and globally.
