25 February 2025
As I mark my second year at Likezero, it’s time to reflect on our journey and the incredible growth we’ve experienced. Over the past two years, we’ve seen significant progress in how financial institutions are leveraging technology to navigate an increasingly complex global banking landscape. Central to this transformation is artificial intelligence (AI), which has reshaped the way we work and how our clients approach digital transformation.
One of the most striking developments has been the rapid adoption of AI across financial services, particularly within legal functions. An area that has traditionally taken a more cautious approach to adopting new technology. Today, AI is no longer a distant aspiration; it is a critical enabler of digital transformation. Legal teams are now using AI to streamline key processes such as document creation, management, and storage, with a growing emphasis on data extraction and management. This shift is being driven by an increasing demand for data across various business functions, the need to respond swiftly to market events, and the ongoing challenge of managing risk effectively.
Over the past year alone, Likezero has witnessed remarkable growth, with a significant increase in the volume of data we process for firms managing their contract data operations. Our solutions are helping institutions across a range of functions, including:
As AI adoption accelerates, the importance of strong governance, transparency, and accountability has never been greater. Legal contract data now sits at the heart of strategic decision-making, and ensuring responsible AI usage is essential. Firms that integrate AI effectively stand to gain significantly, whether through unlocking legacy legal data for risk mitigation, improving PnL via better trade pricing, or optimising resource allocation.
As we enter the next phase of growth, our focus at Likezero remains on supporting firms as they integrate AI into their operations. We are committed to providing the governance, transparency, and expertise necessary to ensure AI is used responsibly and effectively.
It’s an exciting time to be part of Likezero. As we continue to support global banks and financial institutions, we are uniquely positioned to lead the way in harnessing AI, not just as a supporting tool, but as a driving force for transformation in financial markets. The future is here, and we’re ready to shape it together.
