Conceptualization and Implementation of a Digital Platform for the Management of Legal Documents

Regulatory changes and technological developments are transforming the nature of work of the financial services industry. At the juncture of both phenomena lies regulatory technology or RegTech – the use of information technology for the purpose of regulatory monitoring, reporting, and compliance.

One such purpose is the management and evaluation of complex, unstructured legal documents, such as court judgements and government agency rules and policies to which affected organizations must adapt their operations.

For example, for 2017 the U.S. Office of the Federal Register lists 2,800 publications by financial regulators, which business analysts needed to read and understand in the context of their bank's products and business processes.

The purpose of this master thesis is to assist banks and other financial institutions in digitally transforming this process. The scope of this work is to develop a digital platform for the processing of legal documents exploiting recent technological advancements in machine learning and natural language processing.

In collaboration with zeb, Europe's leading management consultant for the financial service industry, the student will design and build a prototype platform that collects, processes, and visualizes court judgements within a bank's products and processes.

Together with clients, the platform can be used to provide an outlook into the capabilities of RegTech and the implications about the nature of work in their legal and compliance departments.

This thesis is supported by zeb. If you have any questions Dr. Patrick Lohmann is available at patrick.lohmann@zeb.de.