RAGE Frameworks' Artificial Intelligence Solution Automates Financial Data Processing for Major Financial Institution

DEDHAM, MA--(Marketwired - Dec 7, 2016) - RAGE Frameworks, a provider of artificial intelligence (AI) for the Enterprise, today announced that a leading diversified investment and financial services company has deployed RAGE LiveSpread to automate the extraction, interpretation and processing of financial statements and other documents needed for credit analysis. RAGE LiveSpread is a contextual, traceable machine learning solution built on the RAGE-AI platform. Dealing with variations in form (electronic files, pdfs, and paper statements), format, language, accounting standards across countries, and data delivery methods makes financial statement automation a major challenge. Currently, this is a manual, error-prone, and non-scalable process at every major bank around the world. At this leading investment and financial services company, RAGE's solution completely automates the ingestion, extraction, interpretation of investment reports, bank statements and Income Tax returns.