Lloyds launches AI tool to check UK export documents

Nov 11, 2026
Export Assist checks Letters of Credit for errors that could delay payments or incur fees. The tool is available to all UK exporters, including those that do not bank with Lloyds.

Lloyds Banking Group announced in a press release the launch of Export Assist, an AI tool that checks export documents for potential errors. The service is available to UK exporters whether or not they bank with Lloyds.

Export Assist focuses on documentation for Letters of Credit, which businesses use to reduce payment risks in international trade. Lloyds said 65 to 80 percent of these documents contain errors or discrepancies, leading to delays, resubmissions and an estimated 500,000 lost trading days each year.

The tool flags issues before documents are submitted, helping exporters avoid discrepancy fees and payment delays. Export Assist is powered by TradeSpeed, a platform from financial technology company Complidata.

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