Use Case
Banking and Finance
We're entering a new era of data governance. Our Gen AI, SLMs, Dynamic AI Models and Zero-Shot Learning capabilities reduce the risk of penalties and improve fraud detection, risk management and compliance — delivering faster, more accurate and more secure data governance solutions compared to traditional models.
Use case
The Data Challenge in Banking and Finance
Financial organizations face the challenge of managing the data their businesses endlessly create. Excel documents, voice recordings of client interactions, regulatory PDFs and market indicators across various languages are just some examples of data that financial companies struggle to process at scale and on demand.
Manual Processing
Is time-consuming, expensive and often leads to inaccuracies.
Robotic Process Automation (RPA)
Utilizes standard Optical Character Recognition (OCR) or Layout Analysis that requires support of vast training data and training periods, and then is limited to the specific use cases it is designed to process.
Why EmergeGen Is Different
Leveraging SLMs as opposed to LLMs, we reduced the mortgage application process from 5-7 weeks to 2-3 days for an international bank, expediting efficiency, improving the accuracy of decision making and elevating customer experience.
Rapid Integration of EmergeGen's SLMs
We utilize advanced techniques such as Generative AI and Small Language Models meaning our solution can understand and process data with limited to no prior examples and deliver greater accuracy than traditional LLMs. For one bank, it meant rapid deployment of our solution, removing the need for extensive training data and accelerating the time to process improvement.
Mortgage Approval Process
5-7 weeks, manual processing and evaluation of documentation.
Deployment of EmergeGen
Our solution analyzes all types of data at scale and on-demand. Data is automatically retrieved, standardized and enriched with rules, asset classes, ID's and intelligence.
The result
Mortgage Processing Cut from Weeks to Days
5-7 weeks → 2-3 days
Mortgage application processing time
Processing and decision making on mortgage applications reduced to 2-3 days, unlocking accuracy and efficiency benefits, while dramatically improving customer satisfaction.
The New Generation of Data Management
Highly Accurate Data Categorization
We enable more accurate data categorization and richer insights, crucial for effective data driven decision making.
Zero-Shot Learning Capabilities
Allowing for rapid deployment and adaptability across various types of data and industries, reducing the need for extensive training data and accelerating time to insight.
Seamless Data Governance
EmergeGen seamlessly integrates with all data governance and data management software stacks — serving enriched data onwards without the need for new tools.
Audio Data Processing
Opening up new data sources for analysis, including customer service calls, meetings and presentations, offering a more holistic view of the data landscape.
User-Friendly Interface
An accessible and easy to use interface allows for a broader range of stakeholders to leverage data driven insights.
Enhanced Business Insight Extraction
We go beyond processing and organizing unstructured data, enriching and transforming data into actionable insights — driving strategic decision making and opening up competitive advantages.
Flexible and Scalable Architecture
As your organization grows and data volumes increase, our solution will continue to provide optimal performance without compromising on speed or accuracy.
Additional Use Cases
We bridge the gap between the raw data your business creates and the intelligent information your data management systems need to enable complete data governance and regulatory compliance.
Regulatory Compliance
Applying current and new regulations across various data types from internal and external sources creates lengthy manual processes open to inaccuracies and, at worst, compliance penalties.
Fraud Protection & Prevention
Customer interactions recorded in unstructured data are challenging to detect patterns indicative of fraudulent activities.
Risk Management
Risk mitigation strategies are unable to access insights across unstructured data from financial reports, market news, financial indicators, podcasts, vlogs, social sentiment and more in one consolidated view.
Reporting
Consolidating, standardizing, and delivering unstructured data from across all business entities, internal and external sources and delivering directly into current reporting tools at scale is an unsolved challenge.
AML / KYC Processing
Inherently time consuming and includes much manual processing and decision making that increases risk of compliance and accuracy.
EmergeGen — Our Key Differentiators
EmergeGen's advanced AI capabilities, seamless data governance integration, adaptability, comprehensive data processing (including audio), and user-friendly design elevate it from its competitors, as seen below.
| Feature Category | Amazon AWS | Azure | EmergeGen |
|---|---|---|---|
| Data Extraction | Yes — Amazon Textract handles complex, multi-format documents, including PDFs with varied data elements. Extensive data extraction capabilities like form analysis, table extraction, and handwriting recognition. | Yes — A range of pretrained models for common document types like tax forms, receipts, invoices, and identity documents, plus Custom Model Capabilities. | Yes — EmergeGen takes data extraction to the next level with greater data integrity and compliance — leveraging sophisticated language models to move beyond typical OCR and Layout analysis. We also transcribe audio data, extract key points, and map these to metadata. |
| Search, Standardize, Enrich & Serve | — | — | Yes — We retrieve all types of unstructured data — PDF, PNG, MP4, MP3, CSV, DOC and more — across multiple systems, internally and externally, removing the burden of time-consuming or impossible manual search and retrieval. |
We're Collibra's Data Integration Partner
Collibra is one of the world's leading data intelligence platforms. They've partnered with EmergeGen to support Collibra users in preparing unstructured data for use within their platform.
Unleash the power of your data: rapidly standardize, categorize and enrich all data and serve it into your data intelligence platforms to enable analysis at scale — gain market advantage, drive customer experience and improve business compliance.
Speak to us about Collibra
Let's Talk
EmergeGen AI: a new generation of data governance. Join us in redefining how financial institutions unlock value from their most powerful asset: data.