How do you future proof-trade finance operations? At JP Morgan, we believe the answer is to embrace the changing ways of the industry. And it all begins with redefining the way trade finance operations are run.
Today's back-office operations, whether global or regional, face global challenges, new regulatory requirements, rising costs, aging technology, a shrinking pool of the specialized workers needed to keep operations running smoothly. It's all adding and slowing businesses down. The time for change is now.
After assessing multiple options that included rigorous vendor analyzes, JP Morgan is excited to announce our new strategic alliance with Cleareye, a move that's changing trade finance forever. Cleareye's automated clear-trade platform replaces many of the manual steps of traditional processes by eliminating the need for employees to pore over the millions of physical documents that litter today's trade-finance world. It streamlines the time and effort required for each and every transaction.
Cleartrade's digital platform uses proprietary technology to scan documents for you. And it seamlessly integrates with sanctioned screening systems to enable a true end-to-end review of all trade-finance documents, powered by their sophisticated rules engine, which reduces the time and operational costs associated with document examination, and adherence to industry rules, and standard banking practices. Plus, it automatically flags potential money laundering, price manipulation, sanctions, evasion, and more, helping to stay in the black, while reducing false positives and red flags. We should know. JP Morgan brought in Cleartrade, and they're helping us run faster and more efficiently.
In addition to the significant cost savings, Cleartrade can help alleviate risk, increase transaction volume, open new markets, and so much more. Put it all together and it's easy to see why we formed a global strategic alliance that's changing the way back office operations will run today and in the future. It's everything you need to take advantage of the changing ways of the industry, but you need to start now before it's too late.
Welcome to the future of digital trade. To find out more about our experience using Cleartrade, visit jpmorgan.com/Trade or contact your JP Morgan representative.