Trusted by Leading Banks & Financial Services Firms for a seamless transition from IBOR to RFR
99.8%
Identification of all relevant attributes
93%
Accuracy in classifying documents for downstream processing
95%
Reduction in manual effort associated with IBOR Exposure Discovery
Expedite & de-risk IBOR - RFR Transition with Romulus
Human-like document classification
Upon receiving unstructured legacy documents - Loans, Mortgages, Derivative contracts, and other instruments papers, Romulus categorizes and groups these based on their type
Document Extraction and Reconciliation
Romulus picks all affected documents and extracts fields including key clauses and rates. Also, ensures high-quality by reconciling extracted data against the internal systems of record.
Exposure calculation and repapering
Romulus, next, calculates LIBOR exposure, updates terms, carries out repapering, sends to the client for negotiations, and/or releases data to downstream systems for further processing.
Automates document grouping
Romulus, pre-trained on 125+ document types, can process unstructured/ structured documents and classify them based on their source, type, content or a combination thereof without manual effort at all
Ensures high accuracy regardless of document type
Romulus, unlike OCR, can auto-detect, validate and correct errors based on historical data, contextual clues and/or validation rules. It is maker-checker ready, that can enable human controls if the confidence score is low
Offers enterprise-grade security
Romulus is ISO 27001 certified and comes with enterprise-grade security, access control & audit trails that are compliant with financial services requirements
Save time wasted in repetitive work
Romulus is capable of self-supervised learning from the user's behavior and can auto-apply the gained knowledge in the future to avoid time wasted on repetitive actions
Romulus drastically reduced manual work at a leading financial holding firm
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