AI Contract Evaluaitor
Technology : Appian + Generative AI
Client : Global Banking Group
Solution
By adopting advanced generative AI, Waivgen leveraged our proprietary AI solution ‘Evaluator’ to perform first pass contract assessment and reviews prior to trade execution.
Waivgen successfully deployed Generative AI to assist a leading banking group in conducting contract reviews more efficiently. Utilizing large language models (LLMs), our AI solution performed searches and highlighted capabilities based on user-defined prompts.
Outcomes:
The integration of AI technology resulted in significant improvements:
- First pass of contract review performed in less than 90 seconds
- Referenceable source information provided for checker validation
- Document interface able to navigate the user directly to source location
- Reduction in manual errors and increased time for reviewing edge case scenarios
At Waivgen, we deploy AI consciously, with a focus on the human experience. Our approach is designed to build confidence in the technology and provide assurance through validation, greatly enhancing the morale of the operations team.
Conclusion:
Waivgen’s engagement with the global banking group underscores their expertise in utilizing cutting-edge AI technologies to transform compliance functions, delivering measurable improvements in efficiency and accuracy.