Thursday, November 14, 2019

Traydstream, UK based Fintech start-up inaugurates the office in Pakistan

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Traydstream was founded in 2016 in the UK by prominent industry leaders with an aim to revolutionise the industry of Trade Finance. With the launch of Traydstream in Pakistan, the growing organization is enthusiastic to carry forth its major growth plans in the region.

The entity will serve both as a centre of excellence for Trade Digitisation and Automation, while also spearheading the roll out of Traydstream’s AI-powered platform for banks and corporations in Pakistan and the wider region.

“The lack of automation and standardisation across the banking and corporate sector has been a long-standing pain point for Trade Finance.” said Country Head Raza Abidi at the launch of Karachi office.

He added, “When it comes to embracing technology in banking, Pakistan has lagged [behind] but a shift to digitisation is emerging. I am extremely excited to a be part of the Traydstream journey in automating banking in Pakistan and working closely with our esteemed Regulator, Clients and Local Partners.”

Ameen Allibhoy, Head of Partnerships at Traydstream, who spearheaded the establishment of this regional presence, remarked, “Pakistan has been making great strides in growing global economic ties but there still remains a massive untapped potential.

Traydstream is investing in what we believe will be a big opportunity for our future, for banking in Pakistan, and for the sector across the wider region.

About Traydstream

Traydstream is marked by its holistic approach to the digitalisation of trade finance.

Traydstream focuses on the automation of key processes like document discrepancy checks, due diligence, and regulatory and compliance screening, as well as the initial stages of converting data to digital format (a process achieved by their proprietary Optical Character Recognition (OCR) technology).

Designed and built by leading individuals from the banking and technology communities, Traydstream is making headway in an industry increasingly aware of its need for innovation.

 

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

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