Technology can be a double-edged sword. It's fast, so it holds great promise for improving systems. It's also moving quickly, so it can be difficult to leverage it. Graham Bright, Euro Exim Bank, explains how AI will play a role in the future of trade finance.
EEB describes itself as "future ready". How important is the use of cutting-edge technology, such as artificial intelligence, in the overall company strategy?
The Future Ready strategy provides clarity and vision for complex scenarios. It delivers peace of mind, lower lifecycle cost and resilience. This makes our applications and infrastructure more ready for the future.
We are in highly competitive markets that change rapidly and have significant events. Therefore, we continue to invest in new technologies. These technologies optimise our systems, simplify and enhance how we use them, and extract the most value from the data and information we have.
Our systems are designed to help you plan, analyze, audit, and last a long time. They were developed by IT specialists and trade experts to make it easy to integrate, implement, and secure your business sector's specific functionality.
We are confident that no matter what significant event, challenge, or demand, we will be able to manage, control, and manage it. AI is only one of many technologies that are being used in certain areas right now, and there is the possibility of more.
Which areas do you consider the most promising for AI deployment in the industry?
What is AI, before we look at the promising areas? AI does not refer to chatbots, translation services or autonomous vehicles. However, it is used in the market sector to mean "self-learning system that can learn from experience and outperform human performance on all tasks".
Artificial intelligence is changing how trade players do business. It helps to make trade assets more efficient and affordable.
Commercial focus is mainly on compliance and due diligence. Natural language processing, which uses extensive web searches to build comprehensive profiles of people or businesses involved in transactions, is used to make detailed profiles. Another compliance application searches trade finance documents for anomalies, such as discrepancies in the price per product or the final invoice value.
It is impossible to ignore the enormous volume, variety, velocity, and value of data. AI solutions can also be extremely efficient and accurate. Products are now available that automate trade finance document processing. These products allow for the analysis of documents and digitalisation of data, before it is fed into transaction processing and information systems.
The AI technology has advanced enough to allow for compliance and portfolio management capabilities, bringing the trade finance ecosystem closer together.
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If you want to avoid problems such as strokes and heart disease, there is an easy way.
Get more fruits and vegetables.
Whole grains are better than refined ones. Brown rice is better than white. Switch to whole-wheat pasta
Consider lean proteins such as poultry, fish and beans.
Reduce your intake of processed foods, sugar, salt, saturated fat, and other unhealthy food.
Flexibility is key to eating well, according to Joyce Meng, MD assistant professor at UConn Health's Pat and Jim Calhoun Cardiology Center. You can follow a strict diet plan if you prefer. It's okay if you don't like following a strict diet plan.
Tricia Montgomery (52), founder of K9 Fit Club knows firsthand the benefits of a healthy diet and lifestyle. Her favorite things are eating healthy food and making small, frequent meals. She says, "I don’t deny myself anything." "I still enjoy dessert, key lime pie, yum!" -- I love frozen gummy bears and moderation is the key.
Get regular checkups. Your doctor will keep track of your medical history so that you can stay healthy. If you are at high risk of osteoporosis (a condition that weakens bones), your doctor may recommend more vitamin D and calcium.
You may be recommended by your doctor to have screening tests done to monitor your health and detect conditions before they become serious.
Be open to communication. Meng said, "If you have any questions, ask your doctor." "Ensure you are satisfied with the information." Talk to your doctor if you have concerns about any medication or procedure.
It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.
To relieve stress, try:
Talking to a friend or family member.
Develop healthy habits
You can prevent problems from coming your way tomorrow if you make the right decisions today.
Brush your teeth twice daily and floss each day.
Limit your alcohol. Limit your alcohol intake to 1 drink per day.
Take your medication exactly as prescribed by your doctor.
Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.
Keep out of direct sunlight between 10 a.m. and 3 p.m.
Wear your seatbelt.
Meng suggests that you take time each day to invest in your own health.
Montgomery was able to see the benefits. Montgomery says that she has overcome health issues, is happy, and has a positive outlook. She says that her life has been forever transformed.