Credence Data conducts training on digital risk and due diligence
Credence Data, a Hong Kong-based fintech and leading trade-risk intelligence platform, recently conducted an advanced training programme on risk management and counterparty due diligence for several prominent banks in Bangladesh.
Participating institutions included City Bank PLC, Bank Asia PLC, The Premier Bank PLC, and Modhumoti Bank PLC.
The training demonstrated how banks can move beyond traditional static reports by leveraging Credence's digital platform—purpose-built for cross-border trade finance and powered by verified intelligence and actual shipment data.
A key focus was Insight Lens, Credence's proprietary AI-enabled assistant, which analyses only authenticated data, avoiding unverified third-party sources. The tool enables credit and trade finance teams to interpret findings instantly, bridging experience gaps and enabling quicker, more consistent decision-making.
Another major highlight was Credence's multi-branch collaboration feature, which enables all branches of a bank to securely access and reuse reports through a shared digital repository. This system aligns with the Bangladesh Bank's directive to centralise credit intelligence and reduce operational costs across the financial sector.
Divya Tailang, Co-founder of Credence Data, said:"As a risk management company, we do not simply provide business intelligence reports—we deliver a comprehensive risk management and decision-support system designed for today's fast-paced trade and credit environment. Our goal is to empower banks with up-to-date, decision-ready intelligence that reduces both risk and turnaround time. By combining verified trade data with AI-driven insights through Insight Lens, we are helping institutions make confident lending and trade finance decisions, fully aligned with Bangladesh Bank's vision for a unified credit intelligence ecosystem."
Md Raisul Amin, SEVP and Head of CTPC at Bank Asia PLC, said: "The Credence Data training was highly insightful. Their digital approach and instant analysis tools will help us strengthen due diligence, enhance productivity, and improve turnaround times in trade finance operations."
Through such initiatives, Credence Data continues to support Bangladeshi banks in building resilient, data-driven risk management systems to foster sustainable financial growth and transparency.