Automation at work: The future for trade operations
The process of Trade Finance Operations has long enough been overlooked and has become more complex and prone to high risks due to regulatory and market trends. Commerzbank, one of the largest German banks with a strong focus on Trade Finance, is one of the first banks to upgrade to the future by implementing advanced automation. Currently, their Trade Finance Operations depend on a strictly manual workforce, but by 2022 their target is to automise 80% of their processes. Focusing on compliance and document checking, users will start using the TRAFINAS solution (Trade Finance Assurance) provided by CONPEND as of October 1, 2018.
At this presentation, you will have an opportunity to get an insight into the process automation of Trade Finance Operations. Enno-Burghard Weitzel, the Managing Director and the Global Head of Product Management Trade Services of Commerzbank, will take you through the current challenges that Commerzbank is facing, as well the goal and outcome they strive for with this new digital innovation that will ultimately benefit their clients. Marc Smith, the founder and CEO of CONPEND will add to this the technological details and underpinning vision.