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REPORT: The 2025 State of Contracting
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Contract Intelligence for Financial Services

Unleash the Power of the Icertis Platform to Increase Business Velocity, Manage Obligations, Reduce Risk, and Meet Regulatory Compliance

The Challenge

Manual and siloed contracting processes can’t keep up with shifting markets and regulations

Today, the BFSI Industry – spanning banks, financial services institutions, and insurance companies – faces increasing regulations while operating in challenging market conditions, exacerbating the complexities surrounding the high-volume of contracts that underpin all products and services offered as well as the network of third-party relationships.

In this context, inefficient manual contracting and an inability to easily search and amend agreements pose untenable barriers to business velocity, managing obligations, reducing risk and managing regulatory compliance requirements.

The Solution

Maximize value with industry-leading, comprehensive contract intelligence

Contract intelligence empowers banking, insurance, and financial services institutions with visibility and control. At the core of digital transformation initiatives, contract intelligence centralizes contract management and integrates contract data into other systems of record to advance business efficiencies and scale.

The Icertis platform enables your organization to better understand and effectively manage obligations and risk, ensure regulatory compliance including across third-party suppliers, and streamline contracting to win business and recognize revenue.

The Benefits

Reduce risk, plug revenue leaks, and improve performance

Establish efficient, consistent contracting

with a single, accessible platform to create, negotiate, and approve all contracts.

Harness all contract data

with deep insights across contracts including self-service analysis of existing agreements and external documents.

Increase business velocity

by streamlining across all banking and financial services contracts with built-in use cases.

Meet "TPRM" requirements

(third-party risk management) and manage supplier volume with end-to-end contract lifecycle management.

Reduce revenue leakage

and maximize value of spend by ensuring cross-region alignment with agreed terms, further supported by SAP/procurement system integration.

Minimize regulatory compliance risk

with rules to generate obligations and ability to search-and-find clauses impacted by regulatory updates.

Track contractual deviations

in real-time with visibility into variance from contract norms to assist with negotiation and approvals.

Drive process compliance

with automated workflows and obligation management during counterparty, market, or internal events such as defaults or changes of control.

Increase efficiency and speed

with the ability to mass amend agreements without legal outsourcing or internal resource time.

Customer Stories

Trusted by the world's leading banking, insurance, and financial services organizations

Learn from BFSI organizations that have applied contract intelligence to structure, centralize, and meet compliance requirements for the high-risk, high-value contracts they manage everywhere in the world.

Case Study

Investors Title

Investors Title Drives Transformation with Contract Intelligence

Discover how Investors Title leverages Icertis Contract Intelligence (ICI) to streamline and optimize its contract management. Learn how this transformation reduces turnaround times, enhances scalability, and integrates with their systems while providing centralized governance into their contracts.

​“Every aspect of the contract management process is optimized.”
Investors Title Company

 

Icertis Contract Intelligence

Discover the Icertis advantage for banking, financial services, and insurance institutions

Digitize existing contracts and create a single source of truth, streamline contract creation and negotiations, manage risks and obligations, and conduct reviews and mass amendments to meet changing regulations.

  • Ready for every contract type

    Accelerate onboarding and time to value with preconfigured templates, attributes, and clauses for a range of standard contract types including MSA, NDA, SaaS technology agreements, and terminations. Leverage contract intelligence for complex agreements at scale powered by artificial intelligence.

  • Easy deployment, onboarding, and use

    The Icertis Banking and Financial Services solution is easy to deploy and adopt with contract self-service capabilities, out-of-the-box support for common contract types, workflows, obligation management, reports and dashboards, with industry nomenclature across the setup to enhance user experience and reduce training requirements.

  • Built-in BFSI use cases

    The Icertis Banking and Financial Services solution offers purpose-built agreement types and associations, obligation management rules, reports, and dashboards for cases, including blocked account management, global custody management, investment and trading agreements (ISDA OTC derivatives and repurchase loans), treasury management, and mergers and acquisitions.

  • Risk management and reporting

    Provide enterprise-wide visibility and oversight with role-based dashboards and reports, coupled with risk management to support contracting, compliance, and business managers with insights into agreements.

  • Discover existing agreements with AI

    Quickly turn legacy agreements and third-party paper into live ICI contracts. Identify contract attributes and clauses and semantically match them directly to your contract type definitions and enterprise clause library in the platform.

  • Identify obligations with AI

    Surface and track obligations automatically with built-in AI-automated regulation and compliance management rules to streamline regulatory reviews, alert appropriate staff of tasks and commitments, and simplify audit reviews.

The Icertis Platform

Achieve Business Agility with Contract Intelligence

Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.

Explore the Platform