Financial Services
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Financial Services
Legal-Grade™ AI for Financial Services
Financial organizations around the world are adopting Luminance’s AI to mitigate risk, optimize governance and remain competitive.
The finance sector is currently operating against the backdrop of ever-tightening regulatory requirements, macro-economic uncertainty and heightened customer expectations. Luminance offers organizations much-needed support for these conditions, with cutting-edge AI that enhances commercial insight and improves the efficiency and quality of contract management.
Bringing the Power of Legal-Grade™ AI to the Financial Sector
Adhere to Regulatory & Compliance Requirements
• Ensure all contracts are compliant with the latest regulation, with an automatic first pass review both pre- and post-execution
• Rapidly understand exposure to sanctioned entities with an instant holistic overview of all business activity
• Reduce sensitive information such as PII in bulk across multiple documents at once e.g. for DSARs reviews
• Proactively spot risk by surfacing deviations in agreements and comparing documents to model versions
Enhance Visibility & Governance
• Ensure business-wide transparency with Luminance’s Insights Screen showing audit trails, reports and analytics
• Improve reporting with instant insight into all contract data, with advanced filter and search options
• Source key information and quickly respond to business queries with Luminance’s automatic identification of 1,000+ data points
• View and track all contractual obligations, with automatic alerts for key information such as renewal and expiry dates
Transact Competitively
• Expedite standard reviews with an instant first pass analysis, identifying any missing, unacceptable or non-compliant terms
• Reduce time to signature by empowering non-legal teams to create their own contracts from pre-approved, customisable templates
• Institutionalise knowledge across the business, with all acquisitions, joint ventures and investments stored in an AI-powered repository
• Run watertight due diligence within tight timeframes with instant insight into statistical trends and anomalies across datasets
Adhere to Regulatory & Compliance Requirements
• Ensure all contracts are compliant with the latest regulation, with an automatic first pass review both pre- and post-execution
• Rapidly understand exposure to sanctioned entities with an instant holistic overview of all business activity
• Reduce sensitive information such as PII in bulk across multiple documents at once e.g. for DSARs reviews
• Proactively spot risk by surfacing deviations in agreements and comparing documents to model versions
Enhance Visibility & Governance
• Ensure business-wide transparency with Luminance’s Insights Screen showing audit trails, reports and analytics
• Improve reporting with instant insight into all contract data, with advanced filter and search options
• Source key information and quickly respond to business queries with Luminance’s automatic identification of 1,000+ data points
• View and track all contractual obligations, with automatic alerts for key information such as renewal and expiry dates
Transact Competitively
• Expedite standard reviews with an instant first pass analysis, identifying any missing, unacceptable or non-compliant terms
• Reduce time to signature by empowering non-legal teams to create their own contracts from pre-approved, customisable templates
• Institutionalise knowledge across the business, with all acquisitions, joint ventures and investments stored in an AI-powered repository
• Run watertight due diligence within tight timeframes with instant insight into statistical trends and anomalies across datasets
See our legal-grade™ AI in action
With Luminance, we can eliminate bottlenecks and accelerate our time to signature
NDA generation to signature in <5mins