Latest Blog Post
AI-Based Document Examination: The New Frontier in Trade Finance
by Shahriar Masum | May 25, 2025In the ever-evolving landscape of international trade, the integration of Artificial Intelligence (AI) into document examination processes marks a significant leap forward. Having spent years immersed in trade finance, I've witnessed firsthand the challenges posed by manual document verification. Now, AI offers a transformative solution, streamlining operations and enhancing accuracy.
Understanding AI in Document Examination
AI-based document examination leverages machine learning and natural language processing to automate the review of trade documents. These technologies can swiftly analyze vast amounts of data, identifying discrepancies and ensuring compliance with international standards. For instance, Lloyds Bank has adopted AI tools to scrutinize trade fi... Read The Full Post
My Own SWIFT MT700 Parser And Some More Stories
by Shahriar Masum | August 21, 2017In my last post, I discussed how MT798 message flows between bank and corporate and how the MT798 structure differs from a bank to bank swift message (e.g. MT700 etc.). Today I will focus on the more technical details and FileAct protocol.
When I was in bank, I used to think swift server (at the bank) as an encrypted one that no one but SWIFT can read. I used to think; if somehow, I can open that database, I could generate a lot of reports. What I failed to realize at that time, is that, the SWIFT server is not a database. It's merely an ftp folder where you put the message in plain .txt file. You can actually read it in notepad. If anything was encrypted, that was my bank's trade finance module.
So, the basic process of sending message is; we place a plain text f... Read The Full Post
