TRG Screen has introduced Contracts AI, a new feature within its Optimize Spend platform designed to streamline the management of market data contracts. This AI-powered tool enables financial institutions to automatically extract and interpret complex usage rights, restrictions, and obligations from legal documents. By converting static contracts into structured, operational data, firms can now ingest critical information into their management systems in minutes rather than the hours or days previously required for manual analysis.
The solution addresses an industry bottleneck where a single vendor contract can take up to six hours for a specialist team to review. Contracts AI identifies key terms and provides full traceability to the original source clauses, ensuring that answers to compliance and renewal questions are auditable. This automation aims to reduce the administrative burden on legal, procurement, and compliance departments while minimising the risk of data misuse or missed obligations.
Subscribe to our newsletter
