Case study

Banking

Head of Legal (Lending)
International Bank
“I have a stack of loan agreements on my desk that I’ve been summarising manually on Excel for over 6 months, and I still haven’t finished.”

The Problem

Analysing 3 of their loan agreements takes up to 10 hours.

Their deal team currently spend hours manually entering data into a Word document in order to compare and contrast each loan agreement.

Their loan agreements are stored across multiple locations, making comparisons confusing and time-consuming.

The Simyra Solution

Loan agreements are uploaded and our AI-powered platform automatically identifies, interprets and structures the data in seconds.

Key terms compared in a simple view across multiple loan agreements in just a few clicks.

Agreements shared with colleagues and clients to allow for real-time collaboration.

One place to see, search and compare key commercial and legal terms across multiple loan agreements.

The Outcome

Review time reduction from 10 hours to 1 hour.
Time is now spent on more revenue generating activities.
All their key terms in one place, Allowing for faster decision-making and quicker client response times.
Susanne Chishti
CEO, Fintech Circle
“Having seen, tried and tested hundreds of technology automation solutions for global corporations throughout my career (including during my early beginnings in Silicon Valley), Simyra’s platform stood out for two reasons: (1) its ease and simplicity of use; and (2) its pure dedication to and specialism in loan agreements. With a 10x time-saving for (time-poor) banking & financial professionals, Simyra’s AI-assisted solution is a must have in today’s financial world.”