Industry insights

Ben Arber on what AI can and can't do for trade finance operations. Pattern-spotting yes; judgment no. The expertise crisis won't be solved by automation alone.

For decades, the Letter of Credit has been the bedrock of international trade, providing trust between distant parties. However, document examination - verifying that transport, insurance and commercial documents match LC terms - has been hugely manual and labour intensive, relying on individuals with extensive experience and certifications like the CDCS.

The trade finance industry faces a critical challenge as experienced professionals retire and institutional knowledge walks out the door. But here's the good news: solutions exist—they're just scattered across the landscape. We've compiled the first TF initiatives directory!

Our webinar 'Solving the Expertise Crisis in Trade Finance Operations brought together practitioners from across the globe to tackle one of the industry's most pressing challenges. We invite you to read some of the key takeaways, topics, and action points from the conversation.

While the $2.5 trillion trade finance gap, has dominated industry discourse in recent years, an equivalent crisis looms and threatens to destabilize the foundations of the sector itself: the expertise gap.

Regulatory and AML burdens are growing, and banks are expected to screen transactions more thoroughly than ever. But the trade operations teams are shrinking, aging, or overwhelmed, creating new risks and a new kind of crisis.

This article offers a regional breakdown of trade digitisation progress, focusing on the legal frameworks, and what it means for banks.

This article look at regulatory changes, region by region, and how it is prompting banks to change their AML compliance processes.

Global trade and finance are transforming amid geopolitics, tech advances, and financial crime, challenging institutions and practitioners.

Last week, we had the privilege of hosting Jeffrey Robinson, the renowned financial crime expert and author of the seminal book "The Laundry

Introduction “To be a jeweller, it’s all about having trust.”. These are the words of Nirav Modi, a man who once dreamt of creating...

A conversation between Ben Arber (CEO, Complidata) and Pamela Mar (Managing Director, ICC Digital Standards Initiative) at Sibos 2024

It has been a whirlwind of an event season for us this October, with our team representing Complidata across multiple cities—Bratislava,...

On the 1st of July, the Wolfsberg Group issued a Statement on Monitoring for Suspicious Activity . In line with the Wolfsberg Factors...

A few weeks ago, our CEO Ben Arber got together with our good friend and partner, Huron Consulting's Head of Anti-Financial Crimes and...

One of the most talked about fraud cases in the past few months is perhaps the case of Truong My Lan, a property tycoon who stole over USD 13 billion from a Vietnamese bank. This is equivalent to 3% of the country’s GDP in 2022. It is also larger than the combined wealth of the top 5 wealthiest people in Vietnam, and enough to get her into the top 3 biggest fraud cases in history. In our “Think like a criminal” series, we will look into her case, and uncover how she and her t

In the first part of this article, we delved into the crucial field of MLOps and explained the significance of model monitoring,...

Money laundering is a global problem that has far-reaching consequences for both the financial industry and society as a whole. To combat...

Artificial intelligence (AI) is transforming various domains and industries, and transaction monitoring is no exception. Traditional TM...

On March 31st, Complidata, Huron, and Oracle hosted a successful networking lunch titled "FinCrime Busted: How AI/ML Fuel Financial Crime...