Industry

Financial Services

Mitigate risk and improve the customer experience with the Indico Unstructured Data Platform™

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Meet
compliance

Soc-2 compliant, on-premise or cloud, and no black boxes on what the AI is doing

Compete
effectively

Expand capacity up to 300% and cycle times 85% to compete with stalwarts and Fintechs

Delight
customers

Streamline processes and create new solutions from automating and analyzing unstructured data

How the Indico Platform is different

RPA and template-based automation solutions fail to work on unstructured data, leaving gaps in digitization efforts since 85% of an enterprise’s data is unstructured.

Indico PlatformRPA + OCR Digitization Efforts
Standardized structured data (application forms)
Structured data with variations (state driver’s licenses, bills of lading) Program rules for each variation
Unstructured data (10K’s, ISDA agreements)Impossible
Images (Property features)Impossible

Use cases
in financial services

KYC

Client-submitted documents are rarely neat. Automate extraction of customer information, ownership levels, the legal entities, and other information and match with records. Classify companies or clients into different risk pools.

Anti-money laundering

Automate the verification and processing of client documents and monitoring of negative information.

LIBOR transition

Senior analysts or lawyers reviewing debt agreements is costly. Get summaries (e.g. fallback clauses and contingencies, spreads, replacement rate) of each agreement and assign a triage category so lawyers can focus on repapering.

10Ks & ESG reports

Analysts spend countless hours searching these documents to prepare presentation decks. Whether in distressed finance or investment banking, create custom models for the needs of any analyst. Extract or smart-search information hidden in paragraphs (e.g. COGS definitions, YOY growth) and tables.

ISDA master agreements

Banks can process hundreds of thousands of trades every year, and each ISDA agreement can take 2 hours. Automate the extraction of relevant elements into internal systems and flag issues to remove one set of eyes from the “4-eyed” approval process.

Commercial mortgages

Borrowers hate back-and-forth documentation requests after the initial phase. Automatically flag issues in financials so supplemental information can be requested early. Accelerate credit memo creation and covenant monitoring by streamlining spreading financials, abstracting leases, reviewing appraisals, and more.

Trade order confirmations

Every trade requires matching the call notes with the faxed confirm. Automatically match the details with the confirm, flag issues, and enter the data into trade systems.

Trade finance

Thousands of pages need to be processed for Trade Finance. From application forms to bills of lading, minimize time spent reviewing the thousands of pages of documents into internal systems and double-checking entries.

Other uses

Unlike point products which handle just one or two use cases, the Indico Unstructured Data Platform allows business users to easily train models for new uses across the organization.

How Chatham Financial increased process capacity by 300%

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Resources

Customer stories

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eBooks

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