Commerzbank announces plans to automate together with Conpend

Commerzbank announces plans to automate selected compliance relevant pre-checks in trade finance transaction processing by 2020

  • The Bank has partnered with fintech Conpend to automate selected compliance relevant pre-checks processes for trade finance transactions
  • The solution will reduce transaction processing times while improving risk controls and interaction with clients
  • Enno-Burghard Weitzel: “We are leading the change towards a new era for trade finance processing. Our aim is to focus the expertise of our trade finance specialists to the crucial and complex parts of the business, while using artificial intelligence to improve efficiency and further optimise risk controls.”

Read the full Press Release on Commerzbank’s website

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