Search Vendor RAVN Systems Embraces Buzzwords

February 19, 2016

The article titled RAVN Systems Releases RAVN ACE for Automated Data Extraction of ISDA Documents Using Artificial Intelligence on BobsGuide details the needs of banks and other members of the derivatives market. Risk mitigation leads to ongoing negotiations that result in major documentation issues to keep up with the changes. The article explains how RAVN has met these challenges,

“RAVN ACE can extract the structure of the agreement, the clauses and sub-clauses, which can be very useful for subsequent re-negotiation purposes. It then further extracts the key definitions from the contract, including collateral data from tabular formats within the credit support annexes. All this data is made available for input to contract or collateral management and margining systems or can simply be provided as an Excel or XML output for analysis.”

Not only does RAVN ACE do the work in a fraction of the amount of time it would take a person, the output is also far more accurate, always good news when handling legal documents. The service also includes an audit service that compares terms from the documents with the manual abstraction. By doing so, RAVN ACE is able to analyze the risks and even estimate the amount of negotiating necessary to complete the contract.

Chelsea Kerwin, February 19, 2016

Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph

Written by Stephen E. Arnold · Filed Under AI, Data, News, Search

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.