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Forbes
11-06-2025
- Business
- Forbes
How GenAI Is Driving The Future of Legaltech Start-Ups
Lawyers need new ways to interrogate thousands of contracts Technology start-ups targeting the legal profession continue to grow at speed. The global 'legaltech' market was worth $31.6 billion last year, according to analysis from Fortune Business Insights, and could be worth $63.6 billion by 2032. However, in one area of the legaltech market where technology might be expected to have a huge impact, there is a growing sense of disillusionment. Contract lifecycle management (CLM) software enables enterprise legal teams to automate and standardise at every stage of the contract process, from creating and reviewing new contracts to storing every single agreement the business enters into in a form that can be analysed for risk and enhanced performance. That sounds highly attractive – but research has warned that almost half of CLM implementations are falling short of expectations. Those disappointments have seen other companies steer clear of CLM software. A recent survey from legaltech start-up Zuva found the majority of businesses are instead sticking with traditional document management systems, storing and managing contracts with tools such as SharePoint and Google Drive, or simply leaving them on local drives around the enterprise. Min-Kyu Jung, co-founder and CEO of legaltech start-up Ivo, thinks this is a huge missed opportunity. Legal teams need tools that enable them to put the data in their contracts to work, he argues. If lawyers are able to easily search and compare all their contracts, they can, for example, identify standout risk exposures, easily create new contracts that align with the business's policies and priorities, and negotiate from a better-informed position. 'Legal teams need intelligence at their fingertips that is contextual, instant and deeply reliable,' says Jung. 'Every contract should be a strategic asset.' Companies such as Ivo and Zuva think legaltech solutions built with generative artificial intelligence (GenAI) can resolve many of the problems that have dogged CLM software to data. Zuva's research points out that existing CLM products struggle to extract information and insight from contracts, and to understand the relationships between documents and the obligations they contain. Ivo's Jung makes a similar point. It is this week launching two new GenAI-based tools – Repository and Assistant – which aim to address these issues. He describes the launches as part of 'a growing shift in enterprise software from systems of record to systems of understanding'. Using GenAI, Ivo's tools enable legal teams to set up dashboards of their contracts, recording key insights, and to conduct natural language searches of contracts to find particular terms or features in potentially hundreds of thousands of documents. I first interviewed Ivo earlier this year, when the company unveiled a $16 million Series A funding round. Since then it has doubled its customer base, signing up around 100 legal teams – including the legal functions at prominent businesses including Lindt & Sprungli, Fonterra and Hootsuite – to its first product, a contract review tool. Jung hopes the launch of its new AI tools will accelerate its growth. 'We know many companies, right from the top of the business, are looking to all their functions to explore artificial intelligence tools that deliver value,' he says. 'We're also seeing a lot more sophistication from legal teams that have a much better understanding of the limitations of existing CLM software and a clear view of what they want from new solutions.' It is the advent of GenAI that is enabling legaltech providers to respond to this demand, Jung adds. 'I don't think the kind of products we're now launching would have been possible a year ago.' Indeed, research published last year by Innolaw found that while around 50% of CLM products used some form of AI to extract data, 'the use of GenAI in CLM software is still mostly hype-driven'. That is starting to change, with a new report from Gartner suggesting more than 70% of legal function leaders now intend to implement GenAI solutions within the next couple of years. It points to a growing number of legaltech firms offering these solutions – including ContractpodAI, GEP, Icertis, Ivalua, Luminance and Zycus in the natural language space.
Associated Press
11-06-2025
- Business
- Associated Press
Options Announces Partnership with Couchdrop to Revolutionize Secure Data Management
LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Jun 11, 2025-- Options Technology, a trailblazer in capital markets infrastructure, today announced a strategic partnership with Couchdrop, the secure cloud-based file transfer platform. This press release features multimedia. View the full release here: Options Announces Partnership with Couchdrop to Revolutionize Secure Data Management The collaboration is set to redefine how financial firms manage secure file transfers, making the process faster, more scalable, and significantly easier to manage. Through its integration with Couchdrop, Options has transformed its approach to file transfer management. The partnership enables seamless, secure SFTP connectivity to cloud storage environments, significantly reducing setup times and simplifying the onboarding process for clients across the financial sector. Options serves a global portfolio of leading financial institutions, including banks, hedge funds, trading firms, and brokers, where security, reliability, and efficiency are mission critical. As the industry embraced cloud-based platforms such as SharePoint, Options recognized an opportunity to evolve its infrastructure with a scalable solution that could meet the growing needs of its clients and support continued innovation. Jason Davidson, Vice President, Cloud Solutions at Options Technology, commented, 'Couchdrop has transformed how we manage secure file transfers across our client environments. By integrating it directly into AtlasWorkplace, we've reduced complexity, shortened onboarding cycles, and increased operational efficiency. It's a powerful example of how our enterprise technology stack has continued to evolve to meet the real-world needs of financial services clients.' Michael Lawson, CEO and Co-Founder of Couchdrop, commented, 'We're excited to partner with Options Technology to support their global client base. Their reputation for excellence in the financial sector aligns perfectly with our mission to simplify secure file transfers at scale. This partnership reflects our shared commitment to innovation, security, and operational efficiency, and we look forward to supporting their continued growth.' As Options continues to expand its global platform, Couchdrop's scalable file transfer capabilities will play a key role in supporting secure data exchange and streamlined service delivery across regions. The integration of Couchdrop represents the latest in a series of strategic developments by Options, following its strengthened partnership with Netskope, receipt of the Emerging Partner award from Equinix, the expansion of its APAC presence in Hong Kong, and the recent launch of AtlasWorkplace, an enterprise technology suite designed for capital markets clients. Options Technology: Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence). View source version on For media inquiries, please contact Niall McAleer,[email protected] KEYWORD: UNITED STATES UNITED KINGDOM HONG KONG NORTH AMERICA ASIA PACIFIC EUROPE NEW YORK INDUSTRY KEYWORD: DATA MANAGEMENT BANKING TECHNOLOGY PROFESSIONAL SERVICES SECURITY DATA ANALYTICS SOFTWARE ARTIFICIAL INTELLIGENCE FINTECH MOBILE/WIRELESS FINANCE SOURCE: Options Technology Copyright Business Wire 2025. PUB: 06/11/2025 06:47 AM/DISC: 06/11/2025 06:45 AM
Yahoo
11-06-2025
- Business
- Yahoo
Options Announces Partnership with Couchdrop to Revolutionize Secure Data Management
LONDON & NEW YORK & HONG KONG, June 11, 2025--(BUSINESS WIRE)--Options Technology, a trailblazer in capital markets infrastructure, today announced a strategic partnership with Couchdrop, the secure cloud-based file transfer platform. The collaboration is set to redefine how financial firms manage secure file transfers, making the process faster, more scalable, and significantly easier to manage. Through its integration with Couchdrop, Options has transformed its approach to file transfer management. The partnership enables seamless, secure SFTP connectivity to cloud storage environments, significantly reducing setup times and simplifying the onboarding process for clients across the financial sector. Options serves a global portfolio of leading financial institutions, including banks, hedge funds, trading firms, and brokers, where security, reliability, and efficiency are mission critical. As the industry embraced cloud-based platforms such as SharePoint, Options recognized an opportunity to evolve its infrastructure with a scalable solution that could meet the growing needs of its clients and support continued innovation. Jason Davidson, Vice President, Cloud Solutions at Options Technology, commented, "Couchdrop has transformed how we manage secure file transfers across our client environments. By integrating it directly into AtlasWorkplace, we've reduced complexity, shortened onboarding cycles, and increased operational efficiency. It's a powerful example of how our enterprise technology stack has continued to evolve to meet the real-world needs of financial services clients." Michael Lawson, CEO and Co-Founder of Couchdrop, commented, "We're excited to partner with Options Technology to support their global client base. Their reputation for excellence in the financial sector aligns perfectly with our mission to simplify secure file transfers at scale. This partnership reflects our shared commitment to innovation, security, and operational efficiency, and we look forward to supporting their continued growth." As Options continues to expand its global platform, Couchdrop's scalable file transfer capabilities will play a key role in supporting secure data exchange and streamlined service delivery across regions. The integration of Couchdrop represents the latest in a series of strategic developments by Options, following its strengthened partnership with Netskope, receipt of the Emerging Partner award from Equinix, the expansion of its APAC presence in Hong Kong, and the recent launch of AtlasWorkplace, an enterprise technology suite designed for capital markets clients. Options Technology: Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence). View source version on Contacts For media inquiries, please contact Niall McAleer, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
11-06-2025
- Business
- Business Wire
Options Announces Partnership with Couchdrop to Revolutionize Secure Data Management
LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)-- Options Technology, a trailblazer in capital markets infrastructure, today announced a strategic partnership with Couchdrop, the secure cloud-based file transfer platform. 'Options' reputation for excellence in the financial sector aligns perfectly with our mission to simplify secure file transfers at scale." The collaboration is set to redefine how financial firms manage secure file transfers, making the process faster, more scalable, and significantly easier to manage. Through its integration with Couchdrop, Options has transformed its approach to file transfer management. The partnership enables seamless, secure SFTP connectivity to cloud storage environments, significantly reducing setup times and simplifying the onboarding process for clients across the financial sector. Options serves a global portfolio of leading financial institutions, including banks, hedge funds, trading firms, and brokers, where security, reliability, and efficiency are mission critical. As the industry embraced cloud-based platforms such as SharePoint, Options recognized an opportunity to evolve its infrastructure with a scalable solution that could meet the growing needs of its clients and support continued innovation. Jason Davidson, Vice President, Cloud Solutions at Options Technology, commented, 'Couchdrop has transformed how we manage secure file transfers across our client environments. By integrating it directly into AtlasWorkplace, we've reduced complexity, shortened onboarding cycles, and increased operational efficiency. It's a powerful example of how our enterprise technology stack has continued to evolve to meet the real-world needs of financial services clients." Michael Lawson, CEO and Co-Founder of Couchdrop, commented, 'We're excited to partner with Options Technology to support their global client base. Their reputation for excellence in the financial sector aligns perfectly with our mission to simplify secure file transfers at scale. This partnership reflects our shared commitment to innovation, security, and operational efficiency, and we look forward to supporting their continued growth.' As Options continues to expand its global platform, Couchdrop's scalable file transfer capabilities will play a key role in supporting secure data exchange and streamlined service delivery across regions. The integration of Couchdrop represents the latest in a series of strategic developments by Options, following its strengthened partnership with Netskope, receipt of the Emerging Partner award from Equinix, the expansion of its APAC presence in Hong Kong, and the recent launch of AtlasWorkplace, an enterprise technology suite designed for capital markets clients. Options Technology: Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).
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Business Standard
05-06-2025
- Business
- Business Standard
ChatGPT rolls out recording and integrations with GDrive, Outlook, and more
OpenAI is expanding ChatGPT's productivity capabilities with a suite of new features. The latest update introduces record mode, cloud drive integration, and deep research connectors, enabling users to access, analyse and manage content more efficiently. ChatGPT can now pull information from services like Google Drive, Dropbox, Box, SharePoint, and OneDrive, offering users access to internal documents and simplifying research and collaboration. ChatGPT: Key features introduced in the latest update Recording Mode ChatGPT's new recording feature enables users to record and transcribe meetings. It generates time-stamped notes and can suggest follow-up actions. Users can search meeting notes in the same way they search documents and files from connected cloud services. Additionally, action items can be converted into Canvas documents—OpenAI's collaborative workspace for writing and coding. ChatGPT now integrates directly with Google Drive, Dropbox, OneDrive, Box, and SharePoint. Users can ask questions and ChatGPT will fetch relevant answers from their files saved in the listed cloud storage platforms. OpenAI clarified that it does not use data from Teams, Edu, or Enterprise accounts—including connected files—for training. Responses from the assistant include citations and honour existing file permissions. Deep research connectors OpenAI is also rolling out beta research connectors for platforms like HubSpot, Linear, and select Microsoft and Google services. These allow users to compile research by combining internal data with web-sourced information. The feature is available to all paid users. The list of supported platforms includes: Box Dropbox GitHub Gmail Google Calendar Google Drive (Docs, Sheets, Slides) HubSpot Linear Outlook (Calendar, Email) SharePoint Teams MCP support OpenAI is also introducing support for Model Context Protocol (MCP) for Pro, Team, and Enterprise users. MCP enables ChatGPT to connect with external tools, further expanding its ability to deliver context-rich, tailored insights.
