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Impactsure & Tesselate to boost Corporate Banking, Trade and Supply Chain Finance

By Gloria Mathias

December 19, 2023

  • AI
  • Banking technology
  • Commercial Banking
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Impactsure, Technology slutions, Corporate Banking, Trade Finance, Supply Chain finance, Fintech News, Tesselate, hive.t, AI, ML, India Fintech , France Fintech, France-based Tesselate and India’s Impactsure have announced a partnership set to reshape the landscape of data-driven decision-making in corporate banking, trade, and supply chain finance.

With Tesselate’s global expertise in corporate banking and its interoperability solution hive.t, combined with Impactsure’s AI/ML and NLP capabilities, this collaboration empowers organisations with seamless, fast, and efficient operational insights.

The synergy underlying the Tesselate and Impactsure partnership is rooted in the pursuit of excellence in providing effective tools to boost corporate banking.

According to the WTO, 80–90% of World Trade relies on Trade Credit, Insurance and guarantees. Many of these operations include rising prices for intensive paperwork, duplicated effort, wasteful labour, error-prone processes, and compliance with stringent regulations.

Hive.t ensures easy connectivity of Impactsure’s AI/ML + NLP-enabled Secure Unified Responsive Engine (SURE) engine for Commercial Banking and Trade Finance. SURE contextually extracts, processes, classifies, scrutinises, and validates structured and unstructured data from documents in many file formats and types. It helps make quick, insightful decisions in scrutinising and analysing complex documents and reduces the time to process documentation from hours to a few minutes.

“We believe in the potential of data to shape the future. Our partnership with Impactsure is a significant milestone in our journey to deliver actionable insights,” said Casimir Veisblat, Head of Innovation and Corporate Banking Advisory Department at Tesselate.

Impactsure’s technology streamlines digital data processing and enhances the quality of information available to decision-makers. This collaboration opens new horizons for organisations seeking to harness the full potential of their data.

Dharmarajan Sankara Subrahmanian, Chief Executive Officer of Impactsure Technologies, said, “Impactsure’s solutions empower banks and financial institutions with secure data extraction, document processing, and analytics for faster and more accurate decision-making. We are excited and confident that Tesselate’s deep experience and connections in global markets will help uncover many use cases where the combined power of our solutions will help banks achieve better business and compliance outcomes while achieving higher transaction volumes and insights.”

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