Cleareye – the provider of a category-leading digital trade finance solution ClearTrade for digital automation of trade compliance and operations – recently announced it has secured a strategic investment from J.P. Morgan. And the ClearTrade Platform, built to revolutionize trade finance, is a leading provider of smart interpretation of data and documents in trade to identify TBML and Sanctions red flags, automating expert labor-intensive manual checking processes, powered by a document digitization engine with the ability to extract, validate, and accurately classify unstructured data.
Along with the investment, Cleareye.ai is working with J.P. Morgan’s Trade and Working Capital to continually enhance its offering, maintaining a gold standard in digital innovation from which all trade finance banks can benefit.
ClearTrade had a strong relationship with J.P. Morgan over the last few years. Cleareye’s ClearTrade was integrated into J.P. Morgan’s Trade Processing System and is live supporting transactions in the APAC region with a global rollout planned. Through this initiative, J.P. Morgan has been able to further leverage the digitizing of documents using powerful image processing solutions with the ability to extract, validate and accurately classify unstructured data.
KEY QUOTES:
“Future proofing trade operations has been at the forefront of J.P. Morgan’s digital strategy in Trade & Working Capital. A manually intensive industry loaded with paper and lacking standardization, burdened by an increasing cost base, needs real innovation in order to transform. We are delighted to invest in Cleareye.ai as they deliver this innovation through meaningful solutions for us and our global financial institutions clients.”
— James Fraser, Global Head of Trade & Working Capital for J.P. Morgan
“We are thrilled to increase our work with J.P. Morgan, leveraging their investment to reinvest in our technological innovation, bringing expert solutions powered by Artificial Intelligence to the forefront of banks’ digital strategies. We continue to reinforce our commitment to thFluxe industry by rolling out global solutions which enhance our clients’ operational efficiency.”
— Mariya George, CEO and Co-founder for Cleareye
