Traydstream and Tesselate Group partner to interface with Finastra Trade Finance solutions

Trade finance solutionOver the past year, Traydstream and Tesselate have forged a strong global partnership to support client expansion. Traydstream provides automated document and compliance checking for international trade transactions and Tesselate is one of Finastra’s largest System Integrator (SI) partners for their Fusion Trade Innovation (FTI) platform.

Traydstream’s modular approach to Digitization – with its proprietary trade optimized intelligent Optical Character Recognition engine (iOCR), and automated Trade Rules checks – with over 300,000 permutations, is greatly enhanced when integrated with client back-end systems, such as Finastra FTI.

“Listening to our clients, we are constantly looking for solutions that address a specific pain point and that we can seamlessly integrate into our offering. Our integration with Traydstream will allow us to offer their service to our clients within days and reap the benefits immediately” said Alexandre Arnoux, Partner and Global Head of Sales at Tesselate Group  “Traydstream clearly leads the market in this space, and we are really pleased to work with the team that can also deliver efficient and scalable solutions to all our clients”

The integrated service extends to both import and export LC’s, Open Account and Documentary Collections, including amendments and document scrutiny covering all UCP600 and ISBP rules for both structured and unstructured data sets. Third party checks for sanction screening, DUG’s, vessel, container, and BL tracking as well as compliance risk indicators are also all available through the integrated Traydstream UI.

“Developing this functionality with Tesselate Group has been hugely collaborative and exciting,” noted Uzair Bawany, Chief Revenue Officer at Traydstream. “From the beginning, it was clear that both organizations shared a similar mindset with ambitious growth plans.  We can now work with clients globally to fully integrate their FTI backend with an automated document checking solution, and it’s all seamlessly connected with API’s”.

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