Traydstream and Standard Bank Group are pleased to announce achieving a major milestone with its automated trade document checking solution roll out.  

Traydstream and Standard Bank Group are pleased to announce achieving a major milestone with its automated trade document checking solution roll out.  

Traydstream and Standard Bank Group are pleased to announce achieving a major milestone with its automated trade document checking solution roll out.    From April 2021, all Standard Bank, South Africa trade transactions within a set threshold will rely on the Traydstream platform to augment human intelligence to complete all the necessary UCP 600 and ISBP trade rule checks as well as cross-document and compliance verifications to identify discrepancies. The Traydstream platform harnesses advanced machine learning technologies to extract and interpret data from trade document sets and has over three hundred thousand trade rule permutations to provide the most comprehensive automated document scrutiny in the industry. This accuracy & efficiency is specifically underpinned by its proprietary technology to understand all the complex, unstructured clauses in letter of credit transactions. Kevin Holmes, Head of Trade & Product Management for Standard Bank Group, said "Leveraging the benefits of automation continues to be a key focus for our operations and we are very pleased with the progress that has...
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