![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500.jpeg "JPMorgan invests in financial technology startup Cleareye.ai")
Cleareye.ai, a trade finance financial technology company, announced a strategic investment from JPMorgan (JPM.N).
Last September’s commercial deal didn’t disclose financial details.
Trade finance products from banks and other entities reduce counterparty risk between importers and exporters to facilitate global trade.
Cleareye.ai’s software analyzes data and eliminates manual inspections to speed up trade finance and compliance.
In April, Cleareye.ai stated that the U.S. bank would utilize the company’s software to map data straight to the bank’s back-office system and use the extracted data to monitor transaction compliance concerns.
JP Morgan trade finance receives roughly 4 million documents annually.
