Challenges

The solution proposes to provide banks with a tool to collect information relevant to the assessment of companies' ESG risk and objectives in a faster, more pervasive and effective way, through the accurate extraction and processing, even from a large number of text documents, of complex information (via so-called Natural Language Processing) and reorganizing it in a structured and granular manner for the purpose of further evaluation by the intermediary. This would make it possible, for example, to facilitate access to 'green loans' by companies as well, reducing the administrative burdens associated with applying for this type of financing-considering that the simple delivery of text documents appears significantly less burdensome than the production of ad hoc documents with structured ESG data) and sending periodic reports for monitoring purposes, as well as the time required to obtain financing.

Primary target

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Description of Innovation

Deep profiling of companies and individuals, for the purposes of granting and preventing credit deterioration and responsible investment, is often based on information that is presented in unstructured form within documents and texts available from official and alternative sources such as the Web, which turns out to be the main source of information.

Given this background, Altilia aims to define algorithms, methods, approaches, and technologies for the acquisition, management, analysis, and exploitation of such alternative ESG data found in unstructured sources.
Altilia through the use of its Altilia Intelligent Automation™ platform, a system for intelligent document processing (IDP), is able to automate, in a comprehensive and advanced manner, workflows for extracting valuable information from complex documents. Altilia Intelligent Automation is an end-to-end Intelligent Document Processing platform designed with a AI approach to automate document processing task regardless of doment formats and complexity

Results

ESG criteria are important because they also allow environmental, social and governance activities to be brought under objective and shared measurement criteria.
All this translates into greater transparency and homogeneity in terms of measurability of creditworthiness by banking entities, globally and not only at the national and/or European level.
Altilia's proposed initiative therefore envisages the possibility of automating the process of collecting information in the ESG area, in order to profile possible bank customers through a broader data set and in a much faster manner.