IBM and HSBC collaborate for intelligent trading solution

Published 08/10/2017, 08:24 AM
© Reuters.  IBM and HSBC collaborate for intelligent trading solution
IBM
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  • IBM (NYSE:IBM) and trade finance bank HSBC are collaborating on combining optical character recognition and advanced robotics to form a safer intelligent solution for global trading.
  • HSBC’s Global Trade and Receivables Finance team deal with $500B of documentary trade each year, which requires manual reviews and processing of 100M pages of documents.
  • IBM’s intelligent segmentation and tech analytics tools, among others, can help digitize those documents while extracting key data.
  • HSBC is already using the tech in markets including Asia, the Americas, and Europe to analyze English-language documents.
  • Previously: IBM and Sony announce blockchain education service (Aug. 9)
  • Now read: I'm Afraid IBM Can't Make It This Time


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