Trade Ledger offers banks exclusive access to world first AI solution for embedded business finance
LONDON, Oct. 10, 2023 /PRNewswire/ -- Following the launch of its new generative AI-enabled Working Capital Copilot solution at Sibos 2023, Trade Ledger is now accepting applications from banks to join its beta program which is being deployed by Accenture. Copilot, which is built on top of Trade Ledger's data platform, "is the last component of the tech stack required to effectively crack open the $120tn embedded lending opportunity for working capital finance", said Trade Ledger CEO Martin McCann.
- Just a small number of banks will be accepted for the beta program, giving them exclusive early access to the world's first generative AI interface for embedded complex business finance.
- Copilot will not be generally available to other Trade Ledger customers until sometime in 2025.
- The Trade Ledger data platform is already being used by banks such as HSBC and Barclays in 15 countries to cut the application to decision time for working capital finance to 48 hours.
- The business may then apply from within Microsoft Teams, with the application to decision process being handled speedily through the Trade Ledger platform.