Trade Finance Fraud Detection demo

What the demo shows

Trade operations spot duplicate financing, forged bills of lading and phantom shipments

A Cargo fingerprinter writes each financing's cargo as one line: bill of lading, carrier, vessel and voyage, containers, goods and weight, on-board date. A Duplicate financing finder searches every desk at the bank and the electronic bill of lading registry for any part of it. Carrier, Voyage and Container agents check the bill with the carrier, place the ship on the on-board date and verify ISO 6346 check digits; a Price agent compares the invoice with prior shipments. A Skeptic agent ranks how a fraud would have to work, and a Referral writer drafts the hold memo, the referral and the counsel request. The fraud analyst holds or releases; a credit risk officer signs every hold and every release over USD 1 million; confirmed frauds go to investigations and the BSA Officer, never to a customer screen.

Transcript

1. 0:00Trade Finance Fraud Detection lets trade operations check every financing before funding.
2. 0:08In 2020, one trader's collapse left 23 banks owed 3.5 billion dollars.
3. 0:17This morning, Marlow presents a bill of lading for 4,000 tonnes of copper.
4. 0:24Agents find the same bill and 158 of its containers financed as receivables.
5. 0:31The carrier says it loaded on 19 September, after the latest shipment date.
6. 0:38On the bill's date, the ship was 1,899 nautical miles away.
7. 0:46Two container numbers fail their check digits.
8. 0:51A Skeptic agent ranks how a fraud would have to work.
9. 0:57Rhea, the fraud analyst, holds 36.9 million dollars and the loan on that cargo.
10. 1:04Marcus, the credit risk officer, confirms as checker.
11. 1:09The case goes to investigations and the BSA Officer, unseen by the customer.
12. 1:181,050 financings a month, each checked within four hours.
13. 1:23Built on Botminds: agents, data, screens and governance on one platform.

The narration as written for the film. Captions are on the player.