AI, internet of things, robotics – what do they mean for trade finance, particularly in the efforts to combat trade-based money laundering?
TFG heard from BofA on the possibility of SCF’s structural shift to localisation.
Considering the stakes involved in managing the AML/KYC compliances are high, banks/ FI should carefully assess the options available with them and look holistically to mitigate the risk.
TFG were live at the Telegraph’s Future of Trade & Export conference, joined by Michael Boguslavsky, Head of AI at Tradeteq. There are a number of disruptive opportunities to digitise trade finance, including, machine learning, artificial intelligence, robotics, natural language processing.