Our client is a financial services company that provides clearing and settlement services. The company regularly determines eligibility and assesses risk for newly issued corporate debt securities and secondary offerings before they can be traded in the marketplace.
It is imperative for our client to have a quick turnaround on determining eligibility and ensure that these securities and offerings comply with the legal, regulatory, and operational requirements. We implemented XtractEdge, our modular intelligent document processing platform, and developed a model to extract key attributes and elements in determining the eligibility of such offering documents. The platform streamlined the eligibility review process, improved operational efficiency, and reduced underwriting turnaround time significantly.
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