Case Study: Goldman Sachs achieves automated QFC recordkeeping and accelerated LIBOR transition with Sirion

Automating document processing for Dodd-Frank QFC recordkeeping and LIBOR transition for a global investment bank

Goldman Sachs, the global investment bank, needed to comply with Dodd‑Frank QFC recordkeeping — including the ability to produce detailed QFC information rapidly on request — and to analyze 50+ agreement types across several hundred thousand documents for reporting and due diligence (SR 14‑1, BRRD, LIBOR transition) and to populate separate document and data lakes. After reviewing 8–10 options, Goldman Sachs selected Sirion’s Document AI platform (part of Sirion’s enterprise-grade AI CLM) to automate and scale this work.

Sirion implemented its Document AI platform, trained Goldman’s Documentation Group, developed APIs to connect upstream repositories and downstream data lakes, and provided ongoing support and feature updates. As a result, Sirion enabled Goldman Sachs to automate QFC processing with high accuracy, routinely extract data points from some 1,500 document types, achieve significant downstream efficiencies, scale analyses for Brexit/BRRD/US Stay Rule needs, and accelerate the LIBOR transition effort.

Goldman Sachs

Donna Mansfield

Managing Director Legal Division