How does Eigen help financial services firms

In financial services, profitability, performance and productivity are directly linked to a firm's ability to analyze and act upon data and effectively process contracts and documentation.

Our financial services customers use the Eigen® platform to get ready access to critical information siloed in contracts, agreements, reports, statements, prospectuses and other documents to enable their teams to do their jobs more effectively and efficiently.

There are plethora of use cases that the platform can support and an almost limitless number of document types that it can process and mine for information.

Delivering results for financial services firms

Key metrics

85^%

Less time and human effort through automation

95^%

Average data accuracy rate achieved by customers

50^X

Capacity increase in operations

Example use cases in financial services

Financial services firms use Eigen® to automate the extraction of information required for multiple regulatory compliance exercises (for example Dodd-Frank, LIBOR, EMIR, GDPR, Basel IV) and reporting tasks in an explainable, scalable and highly efficient way. This includes a solution specifically designed to process and gather data from ISDA documents.

Financial services firms use Eigen® to build custom-made models that automate the processing of loan documentation and the compilation of comprehensive and up-to-date loan data to drive operational efficiencies, enhanced risk management and opportunity generation. Eigen can automate document and data processes from loan onboarding through to ongoing monitoring and securitization.

Financial services firms use Eigen® to automate the extraction of information from multiple different document sets and populate that data into downstream systems to save time, money and human effort as well as reduce errors across various functional areas.

What our financial services customers say

“From the outset, we were impressed by the capabilities of the Eigen platform and its ability to rapidly and accurately extract and compile the data we needed for QFC reporting. We’ve also come to appreciate the professionalism, dedication and expertise of the Eigen team.

Thanks to the flexibility of the platform, we are now able to use it for the document analysis steps of our LIBOR transition effort, accelerating the project timescales drastically. We’re exceptionally pleased by the service we’re getting from Eigen.”

Managing Director - Legal Division - Goldman Sachs

“I would recommend Eigen to institutions with similar goals to ourselves, who are looking for easy-to-use technology to help them automate processes involving large numbers of complex documents. We’ve been able to achieve our goals without needing machine learning experience or support from our IT team, which has been great.”

Managing Director and Head of Operations – Global Investment Group

“Eigen offers a strategic capability in the intelligent operations domain, deployed in use cases across retail as well as wholesale banking. We’ll continue to work together on implementing use cases through data and process analysis to accelerate ING’s digital transformation and create tangible value for our customers and employees.”

Chief Innovation Officer - ING Bank