Global Finance Magazine Innovators Award 2020 to UniCredit TRADE AI

Innovators Award 2020

UniCredit has picked up a Global Finance Magazine Innovators Award for its cutting-edge trade finance tool, Trade Finance AI/OCR (TFO). Using Optical Character Recognition (OCR) and Artificial Intelligence, TFO retrieves data from scanned trade finance documents during the handling process, automatically integrating them into the bank’s digital workflow to minimise manual administration. This accelerates time to market for products such as letters of credit, saving time and boosting effectivity. “We are very proud of this accolade, which cements our position as an innovative, pan-European trade finance powerhouse“, says Francesca Nenci, Global Co-Head of Trade Finance.


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