Product Overview

Trade Finance operational and compliance teams have for many years been unable to achieve the efficiencies seen in other areas of the financial services industry due to the highly manual task of processing and checking the multitude of different trade documents required in order to finance a trade. Against the increasing use by criminals to utilise global trade to hide illicit movement of funds or commit fraudulent activities and growing pressure from regulators, FIs are still having to employ large teams of staff to manually read, interpret, scan, and extract data from various documents which are usually paper-based, unformatted, and are in all different formats. This manual activity is, labor-intensive, time-consuming, costly, limited in terms of accuracy and error-prone. Not only does this process put unnecessary pressure on the achievement of service-level-agreements, it is also highly restrictive to increasing bandwidth to facilitate more business.

With its 25 years of experience in providing Artificial Intelligence solutions to the financial services industry, Pelican AI brings its expertise to the Trade Finance ecosystem to innovate the operational and compliance requirements of documentary trade. Pelican Secure Trade utilizes the AI disciplines of Natural Language Processing (NLP), Knowledge Based Systems and Machine learning on top of intelligent Optical Character Recognition (OCR) to provide a complete end-to-end documentary trade automated processing solution. Pelican Secure Trade removes the pain from the current manual processing and provides a solution that resolves the current operational limitations and addresses the growing challenge of Trade Based Money Laundering, Trade Based Terrorist Financing, Trade Based Trafficking and Trade Fraud - securing global trade, managing risks, and protecting your reputation.

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Effective risk and regulatory compliance

Including checks for shipment to high-risk countries, over/under-invoicing, high-risk items, document comparisons.

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Reduce operating costs and risk

Compared to traditional trade screening and TBML detection processes.

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Safely engage in new business sectors

And geographies with compliance confidence.

How it works

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Multi-layered, AI-powered protection

For over twenty-five years, Pelican has pioneered the practical application of AI in payments and financial crime compliance. These unique capabilities are leveraged to extract and contextualize relevant free format data in multiple trade finance documents and instruments.

The comprehensive Pelican Secure Trade solution delivers the highest possible level of security and protection, with a multi-layered approach to address all compliance challenges for trade finance activity. By harnessing our unique AI heritage, Pelican digitises and automates your trade finance operations, enhances your compliance red-flag detection levels, providing end-to-end trade transaction compliance, increasing efficiencies and lowering your operating costs.


Product highlights

  • Digitisation of Trade documentation (including free format data in multiple trade finance documents and instruments) – a highly accurate digitisation via OCR which enables trade automation and compliance.
  • Documentary Information Consistency Checks - understanding multiple documents in a single trade cycle to identify incomplete, missing, inconsistent or ambiguous information.
  • Enhanced sanctions screening of trade documents - Utilising NLP to identify trade-based information that is potentially subject to sanctions embargoes such as dual-use goods, matching this against any required watchlist.
  • Trade-based red flag indicator checks - Red flag indicator checks as defined by the likes of MAS, HKMA, Wolfsberg Group. It includes high-risk jurisdictions and products, vessels, over/under-invoicing.

Solution Capabilities

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Trade digitisation

Automated & highly accurate extraction of data from trade documentation via OCR & NLP.

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Trade management & control

Complete record of all documents applicable to trade and the statuses.

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Consistency check

Checking and validating data across the different documents within the trade.

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Screening & dual-use goods checks

Enhanced list screening using NLP and detection of trade goods subject to dual-use restrictions.

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TBML red flags checks

Covering customer behaviour, customer KYC, counterparty, documentation, goods, shipment, and payment checks.

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Trade validation

Validation of trade documents compliance with UCP600, ISBP & other regulatory requirements.

Key Benefits

Comprehensive solution

Single solution for trade finance digitisation, automation, and compliance.

Safeguard your reputation

Mitigate potential compliance risks and regulatory fines.

Reduce costs & improve efficiencies

With trade digitisation and automation.

Process paper-based documents

Accurate, automatic, fast and efficient paper-based documents handling.

Increase processing bandwidth

Allow the business to take on more financing without increasing headcount.

Find Out More

Built for simplicity and scalability, you can integrate Pelican in as little as four weeks. Reach out and our global team will help you find the right solution for your business.

Brochures and Datasheets

For more information download our datasheet now.


Related resources & information

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