Waymark is a firm specialising in the development and provision of regulatory technology (Reg-Tech) and supervisory technology (Sup-Tech) software services. Founded in 2016 by Mark Holmes, the firm began as his answer to keeping up with the vast amounts of regulatory changes and meeting the various requirements. Waymark has demonstrated traction in this vertical as well as in other verticals, such as winning SBRI Grant to work with UK Government. Recognitions include: 3 x Reg-Tech 100 company, Wealth & Finance AI Awards - Best NLP Reg-Tech Firm 2019, participated in Accenture Fin-Tech Innovation Lab 2018
Waymark offers AI-as-a-Service to find relevant and linked information within vast, dynamic and unstructured text datasets, surfacing patterns and connections too complex or opaque for human discovery. This reveals valuable and unique insight that the client's competitors will not have access to. the company`s initial use case is in the regulatory compliance space but have recently been exploring other use cases such as assisting with LIBOR transition. They have also secured SBRI Grant to develop new technology for UK Government.
80% of a firms data is unstructured, residing in documents and emails. But extracting valuable insights from unstructured data has been difficult because existing manual methods need man-months of work to uncover required information, current NLP solutions require large data sets
to train or require internal data science teams to model.
Waymark's offering solves these problems by offering a no code AI-as-a-Service platform that can handle any document type and can be set up and trained by non technical teams.
The initial use case has been in the regulatory compliance space where firms are struggling to stay on top of the ever increasing number of regulations.
Waymark is generating annual revenue. The revenue model is divided into one-off sales (stand alone analysis) and recurring annual licences (regulatory offering). Majority of current revenue is recurring with 100% retention rate for those clients that have reached renewal.
Waymark offers AI-as-a-Service to find relevant and linked information within vast, dynamic and unstructured text datasets, surfacing patterns and connections too complex or opaque for human discovery. This reveals valuable and unique insight that the client's competitors will not have access to. the company`s initial use case is in the regulatory compliance space but have recently been exploring other use cases such as assisting with LIBOR transition. They have also secured SBRI Grant to develop new technology for UK Government.
80% of a firms data is unstructured, residing in documents and emails. But extracting valuable insights from unstructured data has been difficult because existing manual methods need man-months of work to uncover required information, current NLP solutions require large data sets
to train or require internal data science teams to model.
Waymark's offering solves these problems by offering a no code AI-as-a-Service platform that can handle any document type and can be set up and trained by non technical teams.
The initial use case has been in the regulatory compliance space where firms are struggling to stay on top of the ever increasing number of regulations.
Waymark is generating annual revenue. The revenue model is divided into one-off sales (stand alone analysis) and recurring annual licences (regulatory offering). Majority of current revenue is recurring with 100% retention rate for those clients that have reached renewal.