I have mentioned previously that I have been acting as an advisor/consultant to a company called Complidata who are based out of Belgium. Complidata are continuing to develop and enhance an Artificial Intelligence (AI) driven Automated Documentary Credit Document Examination system that also completes screening for sanction violations, red flags and TBML criteria.
The system, known as TradeSpeed, also handles collection instructions and soon to release modules covering guarantees and standby letters of credit.
It cannot be under-estimated or ignored that AI is Transforming Document Examination for Documentary Credits.
In today’s fast-paced global trade environment, accuracy and efficiency are non-negotiable. Documentary credits (DCs) remain a trusted mechanism for secure transactions - but the manual review of trade documents is often slow, error-prone, and costly. AI-powered automation is changing that.
The Benefits of TradeSpeed in Documentary Credit Processing
Precision at Scale
TradeSpeed can examine documents with exceptional accuracy, detecting and accurately describing discrepancies, thus ensuring compliance with the applicable UCP 600 rules and ISBP 821 practices. Our data extraction rate is currently more than 95% out of the box.
Speed Without Sacrifice
Manual examination can take 20-30 minutes and, in some cases, an hour or more. TradeSpeed reduces the whole process (document examination, screening and compliance with red flags and TBML criteria) to minutes, accelerating turnaround times and freeing up document examiners to focus on exceptions and strategic decisions.
Reduced Risk
The use of AI minimises human error and mitigates the risk of disputes or rejected presentations. It also provides a clear audit trail for regulatory and internal review.
Scalable Efficiency
Whether you are processing 50 presentations a month or 5,000, TradeSpeed adapts to volume without compromising quality - ideal for banks expanding into new markets or corporates managing complex supply chains.
Seamless Integration
TradeSpeed integrates with back-office trade finance systems, document management tools, and compliance databases - making adoption smooth and non-disruptive.
What Can TradeSpeed Examine? The following and much more ….
• Documents including Transport and insurance documents, invoices, packing lists, certificates of origin
• Date and signature verification
• Consistency across documents (e.g., quantity, weights, description, Incoterms)
• Compliance with the credit terms and UCP and ISBP
Human + Machine: A Collaborative Future
TradeSpeed does not look to replace document examiners it empowers them. By automating rule-based checks, TradeSpeed allows document examiners to focus on judgment calls, client relationships, and exception handling.
Experience It Firsthand
Contact me today for a personalized demonstration and see how TradeSpeed can elevate your documentary credit operations. You WILL be amazed.
Watch real-time document examination, discrepancy detection, and compliance validation - all within a secure, intuitive interface.
Request your demo now by contacting me at gary@collyerconsulting.com