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Bloomberg Quint

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NeuroGaint Systems Partners With IBM To Deliver AI-Powered Letter-Of-Credit Processing

  • NeuroGaint Systems and IBM have launched NeuroLC, an AI platform to improve letter-of-credit processing.
  • NeuroLC aims to enhance trade finance operations with AI-driven risk assessment and enable regulatory compliance.
  • The solution automates LC issuance, amendments, and settlements, using AI-powered document processing and blockchain technology.
  • NeuroLC accelerates LC processing, reduces operational costs by 80%, and reduces fraud risks by 99%.

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