Due to the increased regulation in recent years, financial institutions are dealing with immense increase in documentation, costs are a constant concern and the audit trail is not a nice to have anymore - it is a must-have. Compliance departments should be able to react to regulatory changes quickly, internal teams should find new ways of collaborating on content and banks should have a better and more efficient way to collaborate on documents with their clients and counterparties.
ClauseMatch solution brings familiar interfaces and collaboration features from modern web applications and combines them with a granular approach to data management and extraction within documents. We don’t see a document as just pages of words, but as a collection of paragraphs, data points, creators and consumers, all collaborating in real-time to create, approve, publish and analyse the data within that document. This granular approach enables better and faster interaction between people and improves the ability to interface with other systems via tokenisation of data and API. Documents created using the platform are semantically structured, which allows each paragraph to have its own comments, approvals, detailed permissions and taxonomy. No other document editor allows this level of granularity.