Case Study: World’s Largest Trade Finance Bank achieves faster trade operations with Persistent Systems

Optimizing operations at one of the world’s largest trade finance banks

Persistent Systems helped World’s Largest Trade Finance Bank address the operational challenges of running a profitable trade finance business under heavy legal scrutiny and growing regulatory compliance demands. The bank was dealing with long turnaround times, high servicing costs, manual paper-based document validation, limited transaction insights, and a large round-the-clock operations team.

Persistent Systems implemented its Text.AI solution, combined with customized business process management using AI, ML, RPA, and NLP, to automate document digitization and trade finance workflows. The results included 92% accuracy in data extraction, a 75% reduction in turnaround time, TAT cut from 30-45 minutes to 7-8 minutes, improved operational efficiency, rapid deployment of five new applications in three months, and lower TCO through reuse of existing product licenses.