AI takes over ISDA CSA data extraction
02 October 2015 London
Image: Shutterstock
CloudMargin has partnered with RAVN Systems to apply an artificial intelligence platform to the extraction of data from collateral agreements.
CloudMargin, using the RAVN Applied Cognitive Engine (ACE), will handle the automated and secure data extractions of key terms from International Swaps and Derivatives Association (ISDA) credit support annexes and other collateral agreements.
RAVN ACE joins elements of artificial intelligence and information processing to deliver a platform that can read, interpret, extract and summarise the content held within ISDA credit support annexes and other legal documents.
The system will convert unstructured data into structured output, in a fraction of the time it takes a human and with a higher degree of accuracy, enabling CloudMargin to increase the analytical efficiency of client legal documents.
Peter Wallqvist, managing director at RAVN Systems, commented: "RAVN Systems are delighted with the partnership with CloudMargin.”
“Repeating our collaborative approach with domain experts in the legal sector, we will use CloudMargin's expertise in business processes within financial services, together with RAVN's expertise in employing its cognitive computing platform, to derive structure from masses of unstructured financial documents.”
CloudMargin, using the RAVN Applied Cognitive Engine (ACE), will handle the automated and secure data extractions of key terms from International Swaps and Derivatives Association (ISDA) credit support annexes and other collateral agreements.
RAVN ACE joins elements of artificial intelligence and information processing to deliver a platform that can read, interpret, extract and summarise the content held within ISDA credit support annexes and other legal documents.
The system will convert unstructured data into structured output, in a fraction of the time it takes a human and with a higher degree of accuracy, enabling CloudMargin to increase the analytical efficiency of client legal documents.
Peter Wallqvist, managing director at RAVN Systems, commented: "RAVN Systems are delighted with the partnership with CloudMargin.”
“Repeating our collaborative approach with domain experts in the legal sector, we will use CloudMargin's expertise in business processes within financial services, together with RAVN's expertise in employing its cognitive computing platform, to derive structure from masses of unstructured financial documents.”
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