John Snow Labs brings Natural Language Processing to the financial and legal fields

Lewis, Dale. October 3, 2022 – Jon Snow Labsa healthcare AI and NLP company and developer Spark NLP The library, today announced the launch of two new products: NLP Funding And the Legal NLP. The two libraries come with a series of new pre-trained models and state-of-the-art algorithms, capable of performing entity recognition, relationship extraction, assertion case detection, entity resolving, de-identification, text classification, and more. Spark NLP is used by 50% of practitioners in the finance industryindicating the demand for a customized offer.

John Snow Labs has a 59% market share in healthcare and life sciences, with clients including half of the world’s 10 largest pharmaceutical companies and three major US healthcare companies, among others. Many of the same challenges within healthcare — highly domain-specific language, strict privacy and compliance regulations, and a mix of structured and unstructured data — apply to the legal and financial industries. Thus, customers of new libraries will benefit from widely adopted solutions to these challenges.

With over 335 legal and 60 financial models, John Snow Labs powers new and innovative NLP applications in every field. In finance, the software can be used to analyze annual reports, perform competitive analysis, enhance customer support, and assist with mission-driven investments. For example, an investor can validate how the companies they are exploring apply ESG practices. For legal applications, NLP can be used to understand contracts, summarize, compare, comply, and more.

said David Talby, CTO, John Snow Labs. “Finance NLP and Legal NLP make this possible by providing current state-of-the-art fidelity, a wide range of ready-made templates for common use cases, and ease of use in their integration into production systems.”

News will be presented in a main session in the year Neuro Linguistic Programming Summit, the world’s largest gathering on the topic of Applied Neuro Linguistic Programming. The growing demand and use cases of NLP in the financial and legal fields are significant, and the event program reflects this. Case studies, such as automating legal document review and information extraction, automating billing compliance checks, and using social media to determine credit scores, are topics covered at the event.

To register for the FREE NLP Summit, which will be held from October 4-6, visit: https://www.nlpsummit.org.

NLP Funding And the Legal NLP Supported on all major data platforms including public cloud providers, Databriks, Kubernetes, on-premises or on individual devices. One-click installation is available with a 30-day free trial through AWS Marketplace and Azure Marketplace.

About John Snow Labs

Jon Snow LabsAI and NLP for a healthcare company, provides the latest software, models, and data to help healthcare and life sciences organizations put AI to good use. Developer Spark NLP, the world’s most widely used enterprise NLP library, John Snow Labs’ award-winning clinical NLP software powers leading healthcare and pharmaceutical companies including Kaiser Permanente, McKesson, Merck and Roche. The company is a creator and host Neuro Linguistic Programming Summitand further educate and develop the NLP community.


Source: John Snow Labs

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