Natural Language Generation in Finance & Banking
The adoption of Natural Language Generation (NLG) has brought an elementary innovation to financial reporting & analysis and other financial advisor roles: the writing power of experts at company scale.
The automated generation of reports and analyses in Financial Services is scalable by NLG and at the same time ensures consistently high quality and compliance.
Transform Business Data into Natural Language Text
Data for the sake of data doesn’t have value, you need to be able to understand and action the data, that is where the value will come from.
That is to say turning raw data into actionable insights as quickly as possible and using data to automate processes to save time and keep employees engaged.
Natural Language Generation (NLG) technology is critical as we move forward because it is the only technology that turns data into human language. Get this value from your data with Natural Language Generation. AX Semantics software is based on NLG and makes it possible to generate financial reports and other data-based documents in a fraction of the time – AX is the financial report generator for Financial Services.
LESS EFFORT FOR FINANCIAL REPORTS
Where is NLG used in Financial Services?
The AX Semantics NLG software is always useful in Financial Services when text from underlying data is required – for example for:
- Regulatory Compliance Reports
- Credit Risk Audits
- Advisory texts based on account movements
- Pre-meeting reports in wealth-management
- Commentary on financial indicators (integrated in dashboard or spreadsheet calculation tools)
- Management advice for business customers
How to evaluate
NLG Software in
Case Studies from Finance & Banking
The Potentials of NLG in Finance & Banking
Automating recurring financial reports saves many resources and therefore immense costs – once configured, a report can be generated every time at the push of a button.
Automation ensures that all regulatory requirements are met every time a content item is updated without manual review.
Processes that are legally regulated and mandatory, like Risk Audits or KYC reports can be automated and increase compliance coverage to 100% without additional effort or manpower.
In the digital age, consumers expect instant information and feedback. For processes like credit scoring a completely automated processes is the only way to fulfill real-time expectations.
Natural Language Generation leverages your data to create new markets and offers.
Want to try? Check if it works for you!
Read more about the Use of NLG in our Blog
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– Reading Time: 2 minutes – It is always exciting to see in how many sectors NLG is used successfully. Today Mario Berger, Director at