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.
Future-Proof Your Financial Services with Our New AI Document Extraction Guide
Discover how Eigen's generative AI technologies revolutionize document workflows, enabling banks and financial institutions to automate manual processes and embark on a digital transformation journey within established frameworks. Explore The Ultimate Guide: AI Document Extraction for Financial Services to unlock the power of AI in financial services and start effectively addressing industry challenges.
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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
Key metrics
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.
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- World Economic forum 2020
- Gartner Cool Vendor 2020
- AI 100 2021
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- FT Intelligent Business 2019
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- Ai BreakThrough Award 2022
- CogX Awards Best AI Product in Insurance
- FStech 2023 awards shortlisted
- ISO27001
- ISO22301
- ISO27701
- ISO27017
- ISO27018