LIBOR: The end of an era
What does the end of LIBOR mean to financial institutions? Are you prepared for a post-LIBOR era?
2021 will see the end of one of the most important numbers in the world – LIBOR. This requires financial services to undergo complex transformation at a massive scale. Are banks and financial institutions prepared for the transition?
Manually tackling the massive amount of data spread across millions of contracts is impossible. Contracts need to be analyzed to understand the true impact of the transition. Financial institutions require end-to-end solution providers who can orchestrate the transition smoothly.
That’s why Infosys BPM and EdgeVerve have come together to enable financial institutions to plan their LIBOR transition effortlessly. We offer a three-stage process that includes impact assessment, repapering, and remediation to help banks and financial institutions transition from LIBOR with confidence.
The whitepaper addresses some of the challenges in LIBOR transition. It also highlights how the AI and ML capabilities of XtractEdge Contract Analysis provides an end-to-end solution for contract digitization and extraction. The paper also outlines how the AssistEdge RPA platform can help clients draft new fallback clauses or generate an addendum to the existing contract.
With the deadline fast approaching, financial institutions need to act now in order to transition from LIBOR with ease. Download the paper to learn more about our end-to-end solution.
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