Sirion Acquires AI Pioneer Eigen Technologies to Accelerate Document AI Capabilities.

Eigen wins FT Intelligent Business Award for Repapering Technology

London, UK – Eigen Technologies, the global provider of natural language processing (NLP) technology, has won the award for repapering at the Financial Times Intelligent Business Awards in San Francisco. The win came in a crowded field of leading tech and professional services companies.

Repapering exercises for challenges such as LIBOR transition have become one of the leading use cases for which our technology stands out. Eigen’s machine learning powered NLP software is now used by over 25% of the G-SIB banks to automate these types of critical activity.

Dr Lewis Z. Liu, Co-founder & CEO of Eigen Technologies said:

“I am really proud that we have been recognized by the Financial Times at their Intelligent Business Awards. This is a massive endorsement of both the strength of our NLP technology and the traction we have in the market. Regulatory transformation exercises such as LIBOR are a fast-growing part of our business, with leading financial institutions selecting us to automate this highly complex process. We’re expecting this to continue to be the case for many years to come.”