Jpmorgan Investment: JPMorgan invests in financial technology provider Cleareye.ai
JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday.
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The parties, which entered into a commercial partnership last September, did not provide the financial terms of the transaction.
Trade finance refers to financial products offered by banks and other institutions that seek to facilitate global trade by reducing counterparty risk between importers and exporters.
Cleareye.ai operates a platform that it claims can expedite trade finance processes and compliance by analysing documents and data and removing manual checks.
In April, Cleareye.ai announced that the U.S. bank would use the company’s software to map data directly to the bank’s back-office system, using the extracted data to manage compliance risks associated with each transaction.
JP Morgan’s trade finance business receives nearly 4 million individual documents every year.
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JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday.
![]()
The parties, which entered into a commercial partnership last September, did not provide the financial terms of the transaction.
Trade finance refers to financial products offered by banks and other institutions that seek to facilitate global trade by reducing counterparty risk between importers and exporters.
Cleareye.ai operates a platform that it claims can expedite trade finance processes and compliance by analysing documents and data and removing manual checks.
In April, Cleareye.ai announced that the U.S. bank would use the company’s software to map data directly to the bank’s back-office system, using the extracted data to manage compliance risks associated with each transaction.
JP Morgan’s trade finance business receives nearly 4 million individual documents every year.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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