Recommind Automates Extraction, Display of OTC Contract Data

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Software vendor Recommind has launched a software-as-a-service platform that extracts the terms from over-the-counter derivatives contracts and clearly presents the data, so banks can fully understand the agreements into which they have entered.

As part of the Perceptiv Derivatives Contract Analysis service, banks submit their OTC International Swaps and Derivatives Association agreements in an image format, such as a PDF, along with all associated data and documents. Optical character

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