How the Powerful Duo of AI and Low-code is Transforming Trade Finance

Traditional trade finance processes are paper-heavy, with manual data entry and lengthy processing time.

Modern trade finance platforms infuse intelligence into the standard trade processes and leverage AI capabilities to automate many time-consuming and error-prone tasks that have plagued the industry for years. End-to-end digitalization eliminates time and effort spent on cumbersome processes required to execute transactions, leading to faster turnaround time for customers and enhanced satisfaction.

The perfect blend of AI and low-code in trade finance operations can overhaul various trade processes, enhancing business efficiency and transparency.

Read this Newgen x Virtusa whitepaper to get insights into:

• Challenges banks face in trade finance processes and how to mitigate them
• How banks leverage AI and low-code to reshape trade finance
• Key advantages of AI and low-code
• How to revamp trade finance processes with Newgen