Derivative Documents Electronic Capture and Analysis
This was a new engagement from a document capture perspective but for an established client; one of the largest financial services providers in the world. Initially we devoted a large amount of time to truly understanding the clients’ regulatory concerns and how they manifest with regard to their documentation storage and indexing – before developing a solution.
We deployed Capture.IQ for processing, storage and reporting, minimizing expensive intensive labour. Each rule set had to be carefully considered to maximize data capture and enable robust analysis and reporting – as is often the way we start with a base but what we develop is client bespoke.
We have extensive regulatory remediation experience and leveraged this in developing the technology and also the overall process. We created a structured, secure, searchable Client Data Repository.
We were directly accountable for quality and accuracy and employed a two stage process featuring a strong people expert component as well as technology.
- Accuracy level of 99.6%
- Ongoing, near real-time processing for new documents (increasing productivity and customer service)
- Reporting and analytics element enables greater risk management e.g. quickly establish riskier clausing or geographic and sector exposures
- All reference data is then rapidly integrated into downstream banking systems, allowing traders to more efficiently and more effectively analyze and understand their derivatives portfolio
- The responsive and transparency facilitated here gives confidence from a Regulator perspective and enables the rapid updating of documentation