Trade Finance Automation

Quelle: https://www.tradefinanceglobal.com/trade-finance/automation/

“Trade Finance Automation” refers to the use of digital technologies (e.g., blockchain, artificial intelligence, electronic document management) to automate, optimize, and streamline trade finance processes, including the issuance and processing of letters of credit, documentary collections, and guarantees, in order to increase efficiency, reduce costs, and improve transparency and compliance.

Related Terms

You might also be interested in these terms

Trade Finance Risk

The risk in trade finance relating to the uncertainty of payment and repayment in financing and facilitating international trade. It encompasses credi...

Learn more

Task Automation

The design, execution, and management of repetitive, rule-based tasks in logistics, procurement, warehousing, and transportation through software, sys...

Learn more

Trade Finance Sanction

A sanctions measure affecting trade finance activities, restricting banks' ability to provide trade finance services (such as letters of credit, guara...

Learn more

Undock Automation

Undock Automation in logistics and supply chain management refers to the use of automated systems and technologies to automatically disengage, unlock,...

Learn more

Automation policy

An automation policy in logistics and transport is a strategic framework that guides the adoption and governance of automation technologies (such as a...

Learn more

damage automation

Damage automation refers to the automated processing of damage events in logistics or the supply chain. It includes automatic detection of transport d...

Learn more