Legal and Compliance
Use Cases
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All Legal and Compliance AI Use Cases
Accelerate claims processing by automating processesAccelerate identification and protection of intellectual propertyAccelerate identity verification for new and existing customersAnalyse legal documents and extract important data points and clausesAnalyse legal documents and prepare first draft responseAssess asset valuations in financial marketsAutomate and manage electronic billing of legal hours workedAutomate and simplify ID process involved in Know Your Customer (KYC) process for banksAutomate categorisation of documents for discovery and disclosureAutomate collection of banking data from non-standard documentationAutomate community management by monitoring online discussions and flagging abuseAutomate contract due diligenceAutomate discovery of compliance status against GDPR regulation or similar data legislationAutomate document productionAutomate document redactionAutomate flagging and/or removal of user generated and uploaded media contentAutomate generation of conversational media contentAutomate generation of reports including basic research materialAutomate key workflow steps in the M&A processAutomate legal research through search and referencing of documentationAutomate review of contracts such as NDAsAutomation of documentation steps for IPOsCensor user generated content on social media and other platformsCodify expertise for automated deploymentCodify legal expertise for automated deploymentConstruct detailed map of farm characteristics based on aerial image captureCreate questionable social media content to influence public opinionDetect potential insider trading through monitoring data flowsDetect potentially fraudulent or nefarious usersDetermine treasury or currency risk situationDetermining threshold level at which to flag compliance risksEnhance electronic discoveryEnhance risk modelling and stress testing by discovering interactions in the financial systemForecast macroeconomic variables based on government, proprietary and public dataHighlight likely issues like copyright infringement or audience age suitability in media contentIdentify and manage money laundering risksIdentify and manage potentially fraudulent activityIdentify illegal or inappropriate images on devices confiscated by the policeIdentify persons of interest to law enforcement through facial recognitionManage cybersecurity threats and regulatory reportingManage premium and risk pricing for underwritingMap communications across the organisation to improve team productivityMonitor and analyse interactions with customers to flag compliance risksMonitor and measure employee digital media access to support productivity improvementMonitoring voice calls by traders to test for signs of wrong-doingOptimise and target labour allocation for publicly provided servicesOptimise procurement strategy to reduce costs for large government agenciesOptimise public policy decisions to take into account a greater set of complex interactionsPersonalise media content recommendationsPredict and support mitigation of unplanned downtimePredict case including litigation outcomesRe-examine data from historic research to discover new applicationsSearch for and challenge inbuilt bias in algorithmsSupport review and design of supplier contractsTrack risk exposures to ensure capital requirements monitoredVerify age through facial recognition technologyVisualise and recognise road layout, other vehicles and pedestrians and potential risks to empower predictive driving
Legal and Compliance Case Studies
BA-HR reduces legal document review time by a third using a machine learning platformBaker McKenzie plans to automate part of due diligence via machine learning contract review platformBank of the West announced implementation of Pindrop''s machine learning fraud detection software in its call centresBonanza Creek Energy avoids production shutdown and fines by anticipating when certain emissions are going to occur using a machine learning systemChinese facial recognition technology mistakes businesswoman''s face on bus ad for someone actually jaywalkingCiti reduced cost, time and reliability issues in the delivery of the complex stress test models needed for regulatory compliance through deploying ML to support the processCommerzbank attempts to cut research costs by automating analyst reports generationCommerzbank plans to automate 80% of pre-compliance checks for trade finance transactions using machine learningDXC Technology has increased new business wins by 20% by automating with a contract management platformDanske Bank plans to determine liquidity risk using Bloomberg''s machine learning product LQADell reduces costs while ensuring contractual obligations are met with contract analysis automationDeloitte saves between 20-90% time in reviewing complex documents such as contracts using machine learningEarthport Payment Network reduces false positives of automated suspicious transaction detection using AML risk data in real-timeElevate Services reduced contract review time by 55.5% using Kira automated document classification and data extractionFacebook and Instragram are automating detection of images related to drug dealing posted on the social media platformsFacebook identifies and removes 8.7m child abuse images from its platform within a few months with machine learningFreshfields Bruckhaus Deringer identifies discrepancies in rent contract documents and collections during real estate investment due dilligence using automated contract analysisGMI Insurance Services monitors employee activity to identify malicious activity and other sources of productivity decline using machine learningGoldman Sachs has automated half of the 127 process steps in their IPO business process.Google Brain researchers develops a method to avoid machine learning model discrimination against legally protected attributesGoogle YouTube identifies 98% of the videos it removes for promoting extremism using machine learningGoogle YouTube recommendation system uses human raters to train AI resulting in potential inappropriate content promotionHSBC to implement Quantexa''s AI software to aid with compliance in identifying illegal and fraudulent customer profilesHSBC uses artificial intelligence to help spot money laundering, fraud and terrorist funding in its networkHolvi reduces time spent investigating false positives for customer risk using AI platform ComplyAdvantageInstagram battles bullying on its platform with machine learningJLL plans to roll out Leverton''s automated contract analysis and management to make its lease management system more efficientJPMorgan reduced lawyers'' hours by 360,000 annually by automating loan agreement analysis with machine learning software COINLawBot predicts the chance of winning a legal claim with 71% accuracy based on user inputsLondon Metropolitan Police plan automatically detecting illegal and inappropriate material on confiscated devicesLovData tests automatic redaction of data in court case documents using machine learning and natural language processingMTN sped up their patent application rate with 50% fewer rejections using TurboPatent''s patent drafting automation platformMcCann Fitzgerald reduces number of documents for review by 99% for GDPR compliance through its app which automates assessmentMicrosoft''s Tay bot project is taken down after generating sexist, racist and offensive comments onlineMondelēz International saved on expenses by automating client contract analysis ensuring corporate spinoff delivered on-time and budgetNasdaq invests in AI surveillance software company Digital Reasoning to automate detection of trader misconductNatixis stress-tests trading portfolio for risk and regulatory compliance using machine learningNetherlands police prioritises which cold cases merit further investigation using DNA new testing techniques through AI analysisNew York Times increases article commenting capacity by 3x using machine learning to automatically flag inappropriate content for moderator reviewOsler, Hoskin & Harcourt LLP increases document review efficiency by using Kira document analysis software to draw out relevant information from contractsPing An Insurance improves client authentication efficiency by using face and voice recognitionPockit increases customer conversions by 15% using automated identity verification from OnfidoPortolano Cavallo reduces manual document review time by 33% for merger and acquisition due diligence using Luminance''s machine learning platformResearchers at Stanford University aim to detect illegal polluting from farms using a convolutional neural networkSerious Fraud Office reduced lawyer workload by 80% by automating document classification through RAVN''s AI platformSoftBank accelerates due diligence of ARM acquisition by reducing patent portfolio searching from weeks to day using machine learningSpanish National Police identifies false robbery reports with over 80% accuracy using machine learning and natural language processingThe Bank of England improves its supervisory capabilities by automatically identifying potential regulatory issues from public documents published by over 500 insurance firms using natural language processing text classificationThe County of Los Angeles clears 50,000 marijuana convictions faster with the use of an algorithmThe Government of Canada plans to algorithmically scan the internet for data on public perceptions of cannabis use and related behavioursThe Inter-American Court of Human Rights automates repetitive legal tasks using AIThe LawGeex AI algorithm outperforms human lawyers by 9% in identifying issues with historic non-disclosure agreementsThe Motor Vehicles Department in Kerala detects lack of seatbelt or helmet usage in motor vehicles in with 98% accuracy in trialThe Public Prosecutor''s Office of the City of Buenos Aires automates about 50% of the normal workload and produces rulings with artificial intelligenceThe SEC''s Division of Economic and Risk Analysis identifies potentially fraudulent activity through analysing regulatory filings by using machine learning and natural language processingThe UK government identifies welfare and state benefits fraud with artificial intelligenceThomson Reuters expedites the remediation process by 30% for clients using a machine-learning contract analytics platformTumblr has an automatic adult content detection method but has been flagging the wrong images for removalUS Department of the Air Force plans to use AI system to assist employees with acquisition and procurement rules and guidelinesUS and Canada schools achieve a 70% decrease in students vaping at bathrooms with the use of machine learningUnilever plans to automate trademark research and detection for its brands using TrademarkNow''s machine learning softwareWalmart plans to automate drafting of initial discovery requests for legal complaints against the company using LegalMationiQiyi automatically deletes 10% of censorship violating user uploaded content minimising the number of human censors needed through the use of machine learning