Quick Overview
Financial institutions leveraged Eigen Technologies’ AI platform to scan legal documents and regulatory filings, improving risk assessment efficiency and reducing regulatory penalties.
Various Financial Institutions
Company Size
Large multinational banks and financial firms (estimated 10,000+ employees)
Revenue Range
$10B+ annual revenue (varies by institution)
Primary Challenge
Inefficient risk assessment and compliance processes leading to penalties
Key Metrics
\- 45% improvement in risk assessment efficiency\- Reduced regulatory penalties\- Faster detection of unusual contract terms
The Problem
Manual review of voluminous legal and compliance documents was slow and error-prone, increasing regulatory risk.
The Solution
Implemented Eigen Technologies’ AI platform using deep learning and pattern recognition to automate document analysis and risk flagging.
Results
\- Faster and more accurate risk assessments\- Significant reduction in compliance penalties\- Improved regulatory reporting and audit readiness
“Eigen’s AI has transformed our risk assessment processes, making them faster and more accurate.”
Details
Industry
Finance & Banking
Departments
Legal & Compliance
Use Cases
Business Intelligence
Tags
Predictive Modeling
AI Tools Used
No items found.
Sources
https://redresscompliance.com/top-15-real-life-use-cases-for-ai-in-the-legal-industry/
More Case Studies
See All
How Macquarie Uses Predictive AI to Clean and Unify Data for Better Insights and Outcomes
Finance & Banking
How World Wildlife Fund Uses AI to Track Endangered Species and Combat Poaching
Nonprofit & NGO
How Now Serving LA Uses AI-Powered Search and Chatbot to Enhance User Experience and Boost Sales
Retail & E-commerce
How DG MARE Increased Productivity and Accelerated Cloud Migration Using Generative AI
Nonprofit & NGO
How Rotten Tomatoes Uses AI and NLP to Automate Audience Scores for Movies
Media & Entertainment
How Klaar.me Uses Paperless AI Accounting and AP Automation to Save Time and Reduce Errors
Professional Services & Consulting