Total Economic Impact of Eigen Technologies

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Industry solutions

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.

Industry solutions FS

Accelerate decision-making, minimize data errors, eliminate manual processing

Our financial services clients 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 clients
50X Capacity increase in operations

Example use cases in financial services

Reporting

Regulatory reporting & compliance

Financial services firms use Eigen® to automate the extraction of information required for multiple regulatory compliance exercises (for example Dodd-Frank, LIBOR, GDPR, Basel IV) and reporting tasks in an explainable, scalable and highly efficient way.

Extraction

Intelligent document processing & data extraction

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

Exporting

Develop custom AI solutions in-house

Financial services firms use Eigen® to fast-track the development of custom solutions to data extraction and document processing problems and boost the capacity of their data science teams.

What our financial services clients 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

Financial services clients & partners

We work with financial services firms globally including the following companies.

Featured resources

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Total Economic Impact of Eigen Technologies

CMS ON DEMAND WEBINAR SQUARE Turbocharge your use of unstructured data and make your compliance initiatives deliver strategic value

Turbocharge your use of unstructured data and make your compliance initiatives deliver strategic value

IDP ebook

A user's guide to intelligent document processing eBook

Request a demo today

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Corporate

Corporates

The Eigen® platform enables corporations to extract data and process their documents enabling them to digitally transform their business.

Corporates

Insurance

Insurance

The Eigen® platform is used by insurance firms to digitize data from policies, slips, submissions and other documents.

Insurance

Law firms

Eigen helps and partners with law firms and legal service providers to eliminate manual contract review and analysis tasks.

Law firms

Banking

Banks and capital markets

The Eigen® platform enables banks and buy-side firms to use data to make better decisions across front, middle and back office teams.

Banking