Luminance, the pioneer of Legal-Grade™ AI for enterprise, today announced that Australian fin-tech provider, GROW Inc (GROW), has adopted Luminance’s AI to allow GROW’s legal team to focus on driving company growth rather than be bogged down in the day-to-day. The deal signals demand for Luminance’s technology in Australia and comes shortly after the company announced its new office in Sydney, as its Australian reach continues to expand.

With a lean legal team responsible for the full spectrum of legal activity across the fast-growing organization, GROW sought an innovative solution to improve standardisation, accessibility and efficiency of the company’s legal operations. Luminance stood out for its impressive AI capabilities, strong focus on user experience and unmatched levels of innovation.

“It’s an exciting time for legal and AI. I was impressed with Luminance's culture of continuous improvement and innovation captured in the product," said Ting Lim, General Counsel at GROW. “Our whole business is excited about the value Luminance can bring GROW, particularly in enhancing the way we engage with legal to facilitate our rate of growth.”

GROW is using Luminance to automate highly manual, time-consuming tasks. With a vision to turning around faster responses and driving business growth, Luminance helps to remove a large chunk of legal grunt work; this includes instantly identifying and mitigating risk for low-impact agreements such as NDAs or automatically generating templates to populate Statements of Work in moments. By simplifying these processes, other functions are able to benefit from Luminance, making legal support more accessible to the wider business, whether that’s Product & Technology, Sales, People & Culture, Information Security or Risk & Compliance.

What’s more, Luminance is able to support the organization’s legal activity as they scale. Not only does the platform provide a centralized source of institutionalized knowledge, the ability to review documents in 80+ languages facilitates the scaling of in-house legal operations globally, while the granular level of insight provides the necessary foresight to navigate expansion within the highly regulated financial sector.

“Optimizing legal operations will be key as GROW continues to scale, and Luminance offers this support to help maximize their potential,” added Clementine Fox, Luminance’s Australia General Manager. “We knew the demand was there in Australia, and with our new base out here we’re better equipped than ever to go after it and offer our services to any organization across the region.”

Off the back of the opening of Luminance’s first Australian office in Sydney last month, this latest announcement highlights the ongoing demand for trustworthy legal specific AI in the region. Luminance’s Australian customer base has grown by over 25% since the start of last year, and the new office base enables the company to support existing customers better and double down on this growth.

About GROW Inc

GROW Inc develops powerful, modern technology to help you make a genuine difference to the financial wellbeing of your people. Our user-friendly software solutions built on Distributed Ledger (Blockchain) Technology are designed to allow financial institutions across superannuation and managed funds to provide more efficient, more reliable and more secure services to their customers. DLTA, our flagship product, is currently in the hands of over a million people and was created to challenge the status quo of legacy platforms and to solve the unique set of problems faced by the financial services industry - all with the customer at the forefront of our mind.

About Luminance

Developed by AI experts from the University of Cambridge, Luminance’s Legal-Grade™ AI automates and augments every touchpoint a business has with its contracts. Its Mixture of Experts approach - known as the “Panel of Judges” - uses probabilistic consensus to ensure legal-grade accuracy during contract generation, negotiation and post-execution analysis. Trusted by over 700 customers in 70+ countries, including a quarter of the world’s largest law firms and multinational organizations across industries, from AMD and National Grid to LG Chem and DHL, Luminance’s end-to-end platform brings specialist AI to wherever computer meets contract.