Could AI finally help close the trade finance gap for SMEs?

Artificial intelligence (AI) is a very popular buzzword these days. And you might be living under a rock if you haven’t heard about these devices which aim to aid the everyday lives of us “Lazy humans”. However, if you were unaware, the technology usually relies on large volumes of data or sophisticated models to help understand the best ways to make sense of all the information.
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It has shown to be particularly helpful in trade finance. Analysing quantitative data (there are usually a large number of repetitive small transactions) The repetitive nature of trade finance means that there is a lot of non-traditional data at our disposal.
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This means AI-driven models can be very efficient for data analysis and revealing intelligence relating to small companies that traditional trade analysis tools cannot cover. But how does it benefit small businesses?

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