Surecomp Announces Strategic Partnership with Cleareye.ai for Digital Trade Finance Solutions

Surecomp® and Cleareye.ai Inc. Join Forces to Revolutionize Trade Finance

In a move to address the challenges faced by financial institutions engaged in cross-border trade, Surecomp® has announced a strategic partnership with Cleareye.ai Inc., a leading provider of digital trade finance solutions. The collaboration aims to streamline trade compliance and operations through the use of advanced technology.

The platform leverages technology breakthroughs with a fully automated document processing layer, unified ML lifecycle management, data management, model governance, and dynamic rules engine leveraging NLP. This innovative approach will provide financial institutions with a comprehensive solution to enhance trade productivity and speed while reducing risks and ensuring compliance.

Sarath Sasikumar, President & Co-Founder of Cleareye.ai, expressed excitement about the partnership, stating, “By combining our expertise with Surecomp, we can provide financial institutions with a powerful and comprehensive solution that empowers them to navigate the complexities of trade finance with greater efficiency and confidence.”

Enno-Burghard Weitzel, Surecomp’s Chief Solutions Officer, highlighted the importance of AI-based compliance checks in trade finance transactions, stating, “Banks continuously need to stay ahead of the ever-changing patterns in illegal trade behavior. Embedding AI-based compliance checks into the trade finance transaction is a prime use case for bringing artificial intelligence to banks’ day-to-day operations.”

Overall, the partnership between Surecomp and Cleareye represents a significant step forward in revolutionizing trade finance and empowering financial institutions to manage growing volumes of trade efficiently. With a focus on automation and compliance, this collaboration is set to transform the way banks approach cross-border trade.