Data: the last mileEuroclear

Data: the last mile

• Euroclear is swamped with legal documents • New issues prospectuses• Corporate actions• Collateral agreements• Funds transfer agreements

• These documents are full of data; data that we need to power high risk and high value operational processes on transactions worth billions

• We’ve worked on OCR and machine learning with great results but we can’t bring ourselves to trust the result for real operations

• So how can we bridge the gap to extract data on which we might end up betting the farm?

ProjectImportance

• We have a lot of data management experience• Large teams scanning documents and extracting data• A lot of experience in data management and machine

learning- e.g. Put options

• But the prize is large for us…• Operating cost• Scaleability• Risk• Value in the data

• …and a potential partner• High profile in global finance• Massive focus on automation• Problem will multiply as finance moves peer to peer

ProjectDetails

• We need• Someone to work with us on developing and

testing new approaches• New thinking- we have data skills already-

different angles welcome• Someone who is patient and understands the

mentality of a major financial infrastructure player