Companies today are faced with the challenge of implementing increasingly complex regulatory requirements efficiently, securely and comprehensibly. At the same time, there is a lack of time, resources and scalable solutions. This client case shows how KPMG, together with its clients, is tackling precisely this issue: through the intelligent combination of sound legal expertise and artificial intelligence. AI helps to analyse large volumes of legal information in a structured manner, identify risks at an early stage and significantly accelerate decision-making processes. The result is leaner processes, higher quality in the application of the law and greater certainty in dealing with regulatory complexity. This is how we create measurable added value - and make companies fit for the requirements of today and tomorrow.
MAKE LEGAL AI RELIABLE
Legal AI
Scans contracts specifically for risks
One third
reduced checking effort per contract
1 solution
with flexibly customisable test criteria - for legal and internal requirements
Client
Legal department of a bank
Sector
Financial Services
Project objective
Efficient and legally compliant review of a large number of contracts for compliance with new regulatory requirements.
Technology
Artificial intelligence, low-code, data science, legal tech
Video: Carolin Kothe shows how KPMG intelligently combines legal expertise and AI with clients.
The path to customer transformation
- The task
- Our approach
- The added value
Ensuring compliance with high contract volumes
The legal department of a bank was faced with the challenge of checking hundreds of existing contracts for compliance with new regulatory requirements within a short space of time. A manual check was time-consuming, resource-intensive and hardly scalable. They were looking for a solution that combined speed, quality and legal certainty.
AI-supported contract review with clear rules
KPMG developed an AI-based solution that automatically searches and prioritises contracts for risks. This is based on clearly defined review specifications - both legal requirements and internal company guidelines. The system identifies relevant text passages, evaluates risks in a structured manner and enables well-founded prioritisation. Quality was ensured through regular spot checks and the comparison between AI results and legal assessments. The lawyers were actively involved in the development, testing and use of the system right from the start.
More time for the essentials
The AI-supported preliminary review enabled lawyers to significantly reduce the time required per contract - from around six hours to around four hours. This freed up more time for contract negotiations and strategic advice. At the same time, the client gained certainty that its contracts were compliant with regulations. The result was so convincing that the concept was transferred to other Group companies.
How we make the difference
By bringing together legal expertise, data and artificial intelligence, we create solutions that efficiently fulfil regulatory requirements - and at the same time put the focus back on strategic value creation.
KPMG. Make the Difference.
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