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LPA partners with OpenRisk

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LPA, a capital markets software and advisory firm, has enhanced its Contract Navigator solution offering through a partnership with OpenRisk Technologies (OpenRisk), a US-based specialist business solutions. The partnership will see LPA integrate OpenRisk micro-services into its new financial markets solution offering, Contract Navigator.

Contract Navigator is a modular solution for financial institutions to improve the efficiency of a broad range of financial market agreements throughout their entire life cycle. The solution offers deal transparency through a high-impact digital interface, with its ultimate objective being the discontinuation of paper documents in Capital and Debt Markets.
 
The OpenRisk platform complements Contract Navigator, introducing computer vision, semantic web, state-of-the-art natural language processing, and machine learning algorithms for significant increase in productivity and efficiencies. Focused on the domain-specific context of data, OpenRisk platform transforms legal language and tabular data into readily usable facts, rules, and executable mathematical expressions.  
 
As an integral part of Contract Navigator, OpenRisk micro-services will be used to digitise legal contracts in the financial markets, namely trading agreements such as ISDA/ CSA, syndicated lending agreements, credit agreements, term sheets, funding requests and agent notices. These micro-services will extract all relevant contract data fields and feed the Contract Navigator solution case files, offering a centralised, searchable contract repository. Furthermore, the micro-services will harvest the agreements to feed the Contract Navigator sophisticated clause library.
 
Contract Navigator will also be integrated with OpenRisk business applications such as Covenant Management via API. Covenant Management applications can be used to effectively extract, calendar, track, monitor, and manage covenants to bridge the gap between contractual obligations or intents, and operational outcomes.

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