Credence Data, a Hong Kong-based fintech firm specialising in trade-risk intelligence, has conducted an advanced training programme on risk management and counterparty due diligence for several Bangladeshi banks.
The participating institutions included City Bank, Bank Asia, The Premier Bank and Modhumoti Bank, according to a press statement issued by Credence Data.
The session introduced tools that enable banks to go beyond static PDF risk reports by using Credence’s digital platform designed for cross-border trade finance. The platform integrates verified shipment data with artificial intelligence to help banks analyse counterparties and interpret complex findings in real time.
A key focus of the training was Insight Lens, the company’s proprietary AI assistant, which analyses only verified data sources and helps credit and trade finance teams make quicker, evidence-based decisions.
The training also featured Credence’s multi-branch collaboration system that allows all branches of a bank to securely access and reuse reports via a shared digital repository. The approach aligns with Bangladesh Bank’s directive to centralise credit intelligence and reduce operational costs in the banking sector.
Credence Data Co-founder Divya Tailang said the company aims to provide a complete decision-support system for financial institutions operating in fast-changing trade environments.
“The goal is to equip banks with verified, decision-ready intelligence that reduces risk and turnaround time,” she said.
Bank Asia SEVP and Head of CTPC Md Raisul Amin said the session offered practical insights for improving due diligence and turnaround efficiency in trade finance operations.
