In the face of increasing client expectations, ever growing regulatory and compliance requirements and emerging technologies, digitalisation has become a necessity in meeting client and regulatory expectations while maintaining margins. Commerzbank has implemented AI-driven solutions, as its Lead Project Manager Trade Finance testifies: „Who would have thought that we would bring trade AI live into Commerzbank’s environment with a lot more features than initially planned! (...) And all this in just four and a half months, which is faster than any software implementation project I have ever seen.”
As many process steps are still performed manually, artificial intelligence provides banks with the chance to automate processes and gain efficiency and effectiveness in their daily operations. Additionally, banks get the opportunity to decrease their compliance and operating risks, leading to more efficient operation processes.
The AI Suite is using optical character recognition (OCR), natural language processing (NLP) and progressive machine learning technology to extract data from scanned paper documents and automatically perform compliance checks.
We can provide further information on successfully delivered projects at leading financial institutions on request.