Luminance, the pioneer in Legal-Grade™ AI, today announced that LeadsMarket has adopted its AI to automate legal processes across the fast-growing technology company.

Operating in a highly-regulated industry, LeadsMarket understands the importance of compliance with state and federal regulations, particularly when managing a high volume of incoming contracts. With a lean legal team and a desire to deliver the best possible service to their clients, the LeadsMarket team turned to Luminance’s AI to increase efficiencies, maintain regulatory compliance and reduce turnaround time during high-volume contract reviews.

LeadsMarket now employs Luminance’s suite of AI-powered negotiation functionality to expedite the contract review process. Luminance’s Traffic Light Analysis acts as an AI-powered legal ‘spellchecker’ for any third-party contracts, instantly flagging risky or non-standard clauses. Critically, the reviewer can replace a non-standard clause with preferred language with a click of a button.

Further, Luminance’s Ask Lumi chatbot is transforming how the legal team interacts with their contracts. The team can simply ‘Ask Lumi’ to redraft clauses on-the-fly, draft an executive summary of any agreement, or provide an instant answer to any contract query such as ‘Does this contract contain a liability clause?’ or ‘What are the renewal terms?’, and Luminance will do so in seconds.

Jason Romrell, General Counsel of LeadsMarket, noted: “Luminance is a game-changer for our team. AI is critical for ensuring compliance in the highly regulated fintech space, particularly when managing state and federal compliance mandates. With Luminance, we’re able to reduce time spent on manual, labor-intensive tasks and focus on delivering for our customers.”

Eleanor Lightbody, CEO of Luminance, added: “I’m thrilled that a market leader in the fintech space like LeadsMarket has chosen Luminance’s award-winning AI. In today’s competitive business landscape, adherence to compliance and operational efficiency is critical to organizational success. By integrating Luminance’s AI, LeadsMarket will be able to concentrate on strategic work and deliver the best possible results for their clients.”

ENDS

About LeadsMarket

LeadsMarket is a performance-based online marketing company and affiliate network. For advertisers, LeadsMarket.com offers the highest quality targeted and filtered leads. For publishers, LeadsMarket.com offers top converting offers and the highest payouts. For more information, visit LeadsMarket.com.

About Luminance
Luminance is the Contract Intelligence platform that turns the language that defines a business into the intelligence it runs on. Born out of the University of Cambridge and purpose-built by AI, legal and technology experts, Luminance understands the history and context of every contract. It acts on that intelligence, proactively surfacing risk, flagging obligations, accelerating negotiations and driving action across Legal, Finance, Procurement, Sales and the wider business. It enables enterprises to learn from their contracts, while contracts learn from the enterprise, helping businesses make better decisions and move forward with confidence.