What can AI build for a banking or finance legal team?
Banking and finance work is defined by covenants that must be monitored for years after signing, conditions-precedent checklists that gate every drawdown, and regulatory reporting that never stops. Custom AI can track facility and covenant obligations against the underlying agreements, manage conditions-precedent and closing checklists, and support the regulatory reporting your team owns, all cited back to the source document. The lawyer sets the terms and makes the calls; the system keeps score.
What a product misses
Generic contract-management tools can store a facility agreement; they cannot extract a covenant test, calculate whether it's currently satisfied, and alert the right person before a breach. Off-the-shelf CP checklists are generic templates that don't reflect your actual conditions or your closing process, so someone rebuilds the checklist by hand for every deal. And regulatory reporting tools built for one regime rarely fit a facility that spans several.
What we build
We build facility and covenant tracking that extracts obligations from the agreement and monitors them against ongoing financials, conditions-precedent and closing checklists tuned to your actual process, and regulatory-reporting support across the regimes your facilities touch. We also build a lender or borrower-facing portal for status, and a precedent library for facility documentation that stays current as your standard forms evolve.
Is this you?
- You manage a book of facilities where covenant compliance needs monitoring long after signing, not just at close.
- Conditions-precedent checklists are rebuilt by hand for every deal instead of generated from a maintained template.
- Regulatory reporting spans more than one regime and reconciling them manually is a real drag on the team.
- You want covenant breaches and CP gaps flagged before they become a problem, not discovered at the next review.
What we build for banking & finance
Covenant tracking
Extract financial and non-financial covenants from the facility agreement and monitor them against ongoing financials, flagged before a breach.
Conditions-precedent checklists
Generate and track CP and closing checklists from your standard process, with owner and status per item through to drawdown.
Regulatory-reporting support
Assemble the regulatory reports your facilities require across the regimes they touch, grounded in the same underlying data.
Facility precedent library
A living library of your standard facility documentation, kept current as forms and market terms evolve.
Lender/borrower status portal
A shared, always-current view of CP status and covenant compliance, cutting the update calls your team currently fields.
Questions
Banking & finance: what people ask
Can it extract covenants directly from our facility agreements?
Yes. Financial and non-financial covenants are extracted from the executed agreement and linked back to the exact clause, so every monitored obligation is traceable to its source.
How does covenant monitoring actually work?
Extracted covenant tests are checked against the financial data you feed in, whether that's periodic financials or a live data feed, with the relevant team alerted before a test is breached, not after.
Can conditions-precedent checklists reflect our actual closing process?
Yes. Checklists are built from your standard process and precedent, not a generic template, so they generate ready to use rather than rebuilt from scratch each deal.
Does it handle regulatory reporting across multiple regimes?
It's built to assemble the reports your facilities require across the regimes they touch, from the same underlying facility and covenant data, so you're not reconciling separate tools by hand.
Is facility and financial data kept secure?
NDA before specifics, encryption throughout, strict access controls, and optional deployment in your own environment with your own model keys.
Who owns the system?
You do, in full, on handover, with no per-seat licensing and no lock-in to a vendor roadmap.
Other practice areas
See allReady to build for banking & finance?
One call, no deck. An honest go / no-go and a written scope by the end of the week.