RAVN to the data rescue

RAVN Systems has released RAVN ACE to enable automated data extraction for ISDA (International Swaps and Derivatives Association) Master Agreements and Credit Support Annexes (CSAs) using Artificial Intelligence.

The company says that RAVN ACE links elements of Artificial Intelligence and information processing to deliver a platform that can read, interpret, extract and summarise content held within ISDA CSAs and other legal documents. It converts unstructured data into structured output, in a fraction of the time it takes a human – and with a higher degree of accuracy.

RAVN ACE can extract the structure of the agreement, the clauses and sub-clauses. It then further extracts the key definitions from the contract, including collateral data from tabular formats within the credit support annexes. All of 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, it adds.

Client testimonials include the claim that RAVN ACE can do in two seconds what it would take 100 days for a team of people to achieve manually. Another is that it is 10 million times quicker than the manual labour it replaced.

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