Centalion Cuts Trade Finance Processing Times With AI Agent

Geneva commodity trader Centalion, formerly known as Gunvor, has deployed an artificial intelligence agent to automate the preparation of trade finance instruments. PYMNTS reported that the new system processes trade finance instruments from plain language instructions. [1]

The implementation has reduced transaction processing times significantly on the company's first credit facility. PYMNTS reported that issuance processing time fell by approximately 55 percent, while amendment times dropped by about 80 percent. [1]

Issuing bank guarantees at large commodity trading firms traditionally requires treasury employees to manually check credit facility room, pull bank details, and cross-reference limits across multiple systems. Under the new workflow, every transaction prepared by the AI agent still requires final approval from a treasury employee. [1]

Following the initial results on its first credit facility, Centalion plans to roll out the AI agent across its remaining financial facilities. [1]