Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution

Built on Trade Ledger’s data platform and deployed by Accenture, the beta program for Copilot provides banks with a generative artificial intelligence (AI) interface for embedded complex business finance, according to the release. The program is now open for banks interested in expanding their small and medium-sized business (SM lending portfolio.

During the beta program, only a select number of banks will have early access to Copilot, the release said. Other Trade Ledger customers will have to wait until 2025 when the solution becomes generally available.

The Trade Ledger data platform is already being used by banks like HSBC and Barclays in 15 countries, reducing the time it takes to process working capital finance applications, per the release. With Copilot, which is built on top of that platform, participating banks can offer their business customers a simplified way to understand and apply for working capital credit.

Working Capital Copilot empowers businesses to analyze their financial data and identify their capital needs, according to the press release. By integrating with the bank through an application programming interface (API) connection, Copilot matches the business’s requirements with suitable lending products offered by the bank. This addresses a significant obstacle faced by SMBs, who often lack the resources and expertise to determine their working capital needs.


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