Machine learning and its unexpected benefits

  • In the case of reporting covenants, an Outlook reminder may not be sufficient. Outlook is usually cluttered with meetings and reminders, and a covenant due alert could be missed
  • A back-of-the-envelope calculation cannot ensure that covenants are calculated correctly, and the figures may not tally with the financials reported by the company
  • The Excel or other worksheets are usually decentralised, and banks would fail to identify early indicators relating to these covenants at the portfolio level and is not housed in a data lake
  • Automated monitoring and validation of covenants
  • Automated covenant extraction (the engine)
  • Smart contracts
  • Smart suggestions while assigning covenants

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