If you work in trade finance, you’ve probably experienced this scenario more than once:
The documents for a multi-million-dollar shipment arrive. The client is calling for updates. Your team digs into the paperwork — bills of lading, commercial invoices, packing lists, inspection certificates — checking each detail against the LC terms. Hours later, after a painstaking review, something small slips through: a mismatched date, an expired certificate, an incorrect quantity.
The result? Delays, amendments, sometimes even penalties. And in a world where corporates expect speed and precision, that’s not just an operational hiccup — it’s a competitive risk.
The Real Challenge for Banks
Despite advances in technology, document checking in many institutions is still largely manual. Skilled staff do their best to apply ICC UCP 600 and ISBP rules, along with bank-specific policies, but the process is:
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Time-consuming — Reviewing hundreds of pages per transaction can take hours.
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Inconsistent — Different checkers may interpret rules differently.
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Error-prone — Fatigue and human oversight are inevitable, especially under pressure.
The ICC reports that around 60% of trade documents contain discrepancies. Every one of those requires resolution before payment can be made — creating extra work for banks and frustration for clients.
How Traydstream Changes the Game
Our AI-powered TraydCheck module transforms the process:
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Automated Validation — Every document is scanned and checked against ICC rules and your custom policies.
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Instant Discrepancy Flagging — The system identifies issues in seconds, not hours.
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Consistency Across Borders — Whether your team is in Singapore, Dubai, or London, TraydCheck applies the same logic, every time.
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Audit-Ready Records — Each check is time-stamped and stored for full regulatory and internal compliance.
By removing the manual burden, your team can focus on solving complex exceptions and building client relationships instead of line-by-line checks.
Case Study — Leading APAC Bank
A top-tier Asian bank was struggling with high trade volumes. Average turnaround time for document checking exceeded 24 hours, and missed discrepancies were still being flagged later in the process. This not only slowed client service but also strained the relationship between operations and compliance teams.
After implementing TraydCheck:
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Turnaround time dropped by 65% — most transactions were cleared within the same business day.
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Missed discrepancies reduced by over 70%, significantly lowering operational risk.
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Client satisfaction scores improved, with corporates commenting on the bank’s faster, more reliable service.
The bank’s operations lead summarised it simply:
“We’re finally ahead of the curve, not chasing our tails.”
Sameer Sehgal, CEO of Traydstream:
“Every bank knows the cost of a missed discrepancy — it’s not just financial, it’s reputational. We help banks take the guesswork out of document checking so they can deliver on time, every time.”
For banks at SIBOS, the question isn’t whether automation will become standard — it’s which banks will embrace it first and reap the benefits in accuracy, client trust, and operational efficiency.
