Libor as a Template for Digital Document Transformation in Financial Services

Libor, or “London Interbank Offered Rate”, has been referred to as “the most important number in the world” because it is the most widely used interest rate benchmark. This group of critical interest rates has been used for most contracts and agreements in derivatives, bonds, mortgages, commercial and retail loans, and it is used for risk, valuation, performance modeling, and more.

The Libor conundrum serves as an excellent example and template for the need to transform the document process for the financial services enterprise, and the unique challenges posed by Libor are an excellent candidate for the application of machine learning tools and protocols. Download our white paper for an overview of libor as a template for digital document transformation in financial services.

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