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.
Accelerate decision-making, minimize data errors, eliminate manual processing
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
Less time and human effort through automation
Average data accuracy rate achieved by customers
Capacity increase in operations
Example use cases in financial services
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, 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.
End-to-end loan management
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.
Document & data processing automation
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.
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The Eigen® platform enables corporations to extract data and process their documents enabling them to digitally transform their business.
The Eigen® platform is used by insurance firms to digitize data from policies, slips, submissions and other documents.
Eigen helps and partners with law firms and legal service providers to eliminate manual contract review and analysis tasks.
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