South KoreaFinance and insurance2026 – ongoingShinhan Securities
AI extraction and registration of OTC derivatives contracts
Shinhan Securities cut derivatives-contract processing from 2 hours to 5 minutes in a closed beta, Google Cloud reported
Problem
OTC derivatives contracts used different structures and clauses. Experienced staff reviewed them manually and entered contract fields into internal systems.
Approach
Shinhan built an agent platform using Google Cloud services and operated it in closed beta with selected employees. Staff selected an email containing a contract and triggered extraction and registration. The platform combined rule-based workflow control with language models for unstructured analysis.
Results
Takeaway
Connecting extraction directly to internal registration removed a separate data-entry step. The reported result came from a restricted rollout.
Categories
- Size
- Large enterprise
- Industry
- Finance and insurance
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- Generative AIAI agents
- Adoption
- Built in-house
- Evidence
- Vendor case study
Sources
Source summaries
Google Cloud described Shinhan's internally built agent platform and closed-beta operation. It reported that contract analysis and registration took 5 minutes instead of 2 hours, a 96% reduction.
Full details are in the original sources.