Lyncs

Logical Construct and Thomson Reuters Collaborate on Contract Data Management

Thomson Reuters has teamed up with Logical Construct to help global financial institutions gain visibility into the key legal and economic terms and risks hidden within their legal documentation with a full-service contract data management solution.

“Many financial services companies still face the daunting challenge of accessing data that lies buried in image-based scans of contractual documents,” said Luke Trigg, Managing Director, Logical Construct. “We are excited Thomson Reuters is collaborating with us and leveraging our platform to round out its industry-leading legal managed services for the benefit of global banks and other financial institutions.”

fintech cloud

FinTech in the cloud – are Industry Utilities the new reality?

​Industry utilities are fast becoming the new reality in the post financial crisis banking arena, with Know Your Client (KYC) and Collateral Management initiatives already in progress. The main driver behind this utility model is improved operational efficiency and the associated cost savings, yet many large financial institutions have yet to break through the misconception that ‘inside the firewall’ is always safe and ‘cloud’ is always bad.