Digital Finance – TQ Accelerator

Lingua Custodia is delighted to be accepted to participate in the Digital Finance program at Tech Quartier, Franfurt.

Lingua Custodia is one of 15 start ups selected to network and connect at Frankfurt financial centre.  The program brings together corporates and startups in the digital finance domain with the goal of driving innovation to create tangible solutions for the finance industry.

The program runs over a 6-week period from 28 May to 11 July 2024.

Our CEO, Olivier Debeugny has just completed the first 2 weeks of this program and has found the experience to be insightful and very investing.  The selected start ups have been encouraged to collaborate on specific finance use cases, with each start up able to share their experience and knowledge of digital AI solutions.

The networking opportunities have also helped Lingua Custodia to meet potential clients and broaden its contacts in Germany.

Olivier Debeugny participated on the discuss panel at the Network Fintech Start Up event on the 6 June, which focused on ‘Open Finance & AI: Shaping the Future’ for digital finance.  Some of the key points which were highlighted during this event were:

AI and productivity

The expectation is that the implementation of AI in the financial domain will help to boost productivity.  So, the priority use cases are for better managing risk and compliance as well as the simplification of decision making and improved forecasting accuracy. AI will also be used for optimising the client experience, though the main focus for financial companies is really productivity gains.

The challenges and risk of AI for finance

There is clear recognition of the regulatory and ethical implications, as well as data security.  The panel underlined the importance of critical thinking when reviewing AI processes.

The future outlook for AI for finance

The future is promising! 

AI should help to reduce the repetitive and low value-added aspects of individual’s roles.  The skills which will be important are adaptability and flexibility, as well as critical thinking skills.  Individuals should embrace new AI technologies while aiming to understand them and being aware of the importance of ethics, diversity and security.

Lingua Custodia’s Generative AI Multi-Document Analyser

 

Multi-Document and Multi-Lingual Data Extraction 

Lingua Custodia’s Multi-Document Analyser is now in production and can be accessed via the secure platform or through API.
This means that a group of documents can be uploaded at the same time, with key information extracted within seconds. As this technology is also integrated with our machine translation engines, it is possible to load your documents in different languages and extract your data using a different language prompt.

As an example, French, Chinese and Spanish documents can be uploaded and you can ask your queries in English or any other language which is supported by the platform.

You can upload up to 15 pdf documents together. The technology has been optimised to read and extract information in tables and to respond swiftly to queries.

What are the uses cases for the Multi-Document Analyser?

The use cases for the multi-document analyser include financial product and regulation queries, client support queries, requests for proposals and due diligence questionnaires. So, it is possible to upload a group of Key Investment Documents and extract the risk performance indicators and other details.

Lingua Custodia focuses on innovation

Lingua Custodia is very proud of this highly innovative technology which is part of a suite of financial processing services it provides. It was set up by 2 financial professionals in 2011, originally to provide specialised machine translation services, having identified a clear use case for this service.  Since 2020, new technologies, such as speech to text and data extraction, have been added progressively.

 Its aim is to be the market leader in financial document processing for financial institutions, and Lingua Custodia is distinguished by its focus on data security as it recognises that this is a priority for its clients.  Data is stored on bare metal servers in Europe.