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JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations

September 22, 2022

The new “global strategic alliance” will see Cleareye work with JP Morgan’s Trade and Working Capital Group, leveraging the former’s digital solution ClearTrade to simplify the due diligence processing associated with trade finance transactions and related physical documents.

Over the past year, ClearTrade has been integrated into JP Morgan’s trade processing system and is now live supporting transactions in the APAC region, with a global rollout planned over the coming quarters.

The solution can interpret data and documents, automate the letter of credit examination, identify money laundering and sanctions red flags, and apply rules to supplement existing international regulatory frameworks.

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