Major bank
Major bank minimizes review time
Financial corporation gathers close to 98 percent of responsive documents, reduces review costs by 94 percent with OpenText Insight Predict
Flexible input within OpenText Insight Predict allowed the review team to take a multimodal approach to finding responsive documents.
Challenge
- Faced alleged loss of millions due to borrower accounting fraud
- Initiated effort that required review of 2.1 million documents
- Lacked time, money to review all files
Product(s)
Value
- Employed innovative technology to find up to 98% of relevant documents
- Reduced review costs by 94%
- Decreased total review effort to only 6.5% of total reviewable population of 2.1 million documents