CORAL™ TradeAML – was first launched in 2018 and was awarded with FinTech Award in Hong Kong ICT Awards 2019.
A real time Trade Anti Money Laundering screening process with a structured host of analysis, monitoring, checks and reporting. The detailed on-going screenings and enhanced transaction monitoring covers a step by step approach of evaluating trade transactions that enables detection of TBML schemes. This accurate and efficient automated process ensures legitimate trade continues to flow and halts fraudulent ones.
The solution automates trade finance data digitization, verification, auto labelling, screening alerts, document image processing, document categorization, fields identification, compliance checks, red flags, consistency check, text reconciliation, allowing your organization to:
CORAL™ TradeAML enable monitoring of whole trade transaction cycle in various stages, started from pre-transaction where all trading documents are screened, SWIFT transaction whenever a Letter of Credit is involved, on-going transaction that monitors live trading process, and post-transaction where all trades history are consolidated for trading behaviour and pattern analysis. CORAL™ TradeAML utilised document preparation tools – SmartDoc, then passing all information in documents to AI-powered Intelligent Sensor for intelligent screening, filtering and funnelling to finalise the confirmed suspicious trading and ended up to Intelligent Investigation and Reporting Agent for further investigation within the Financial Institution and report to local regulatory authority, Central Bank.
CORAL™ TradeAML is an industry-specific solution that supports various stakeholders in the trade finance domain to achieve regulatory compliance through artificial intelligence coupled with an intelligent alert reporting mechanism which entails of: