In a trading environment where speed and accuracy are crucial, automating the Request for Quotation (RFQ) process has become a strategic advantage. Emmie, the intelligent virtual agent developed by Swiss fintech Terranoha, transforms this task into a seamless and efficient process.
What is Emmie?
Emmie is an AI-powered virtual agent designed to automate financial workflows. It intelligently captures incoming requests, digitizes them, and converts them into standardized messages compatible with trading systems such as FIX or REST. This automation streamlines the RFQ process, eliminates human errors, and improves operational efficiency.
Benefits of Automating RFQs with Emmie
- Time Savings: Emmie handles thousands of requests simultaneously, allowing your team to focus on higher-value tasks.
- Cost Reduction: By automating the RFQ process, Emmie minimizes errors and delays, reducing operational costs.
- Improved Client Satisfaction: Clients benefit from faster and more accurate responses, strengthening client relationships.
- Enhanced Compliance: Emmie ensures complete traceability of each request, making it easier to comply with industry regulations.
Seamless Integration with Your Existing Systems
Emmie integrates effortlessly with your trading tools, messaging systems, and order management platforms through secure APIs. It works harmoniously with your internal processes, requiring no major changes to your existing infrastructure.
Use Case: Automating RFQs in Commodity Trading
In the commodity trading sector, Emmie has proven its effectiveness in automating the reception, processing, and response to RFQs. By converting unstructured messages into standardized RFQs, Emmie enables traders to respond more quickly to requests, improve the accuracy of quotations, and reduce operational risks.
Performance and Continuous Learning
Emmie is powered by an advanced AI engine trained on over 2 million RFQ requests. Using techniques such as Natural Language Processing (NLP) and text analysis, Emmie is capable of understanding the context of requests and generating appropriate responses, continually improving its performance.
Security and Compliance
Data security is a top priority at Terranoha. Emmie is designed to meet the highest security standards, ensuring the confidentiality and integrity of all processed information. Furthermore, it provides full traceability of each interaction, making audits and regulatory compliance easier.
