MIZAN™
Arabic for balance, the scales
Financial services · Financial-document foundation model
Reads deal and credit documents the way a second-year associate wishes they had time to.
Now: Continued pre-training on financial documents, then definition-level fine-tuning
- Target
- 100% of findings linked to a source page
- Target
- ≥ 98% field accuracy vs double-keyed analyst spreads
- Target
- AR · EN from the first release
From the floor
On a sell-side mandate the CIM is the easy part. The work is the data room: two thousand files, half of them scans, where the change-of-control clause that reprices the deal sits in a schedule to a supplier contract nobody opened. Then a quarter later the credit team re-keys the same financials to test covenants, because 'Consolidated EBITDA' in one facility agreement allows capped run-rate synergies and in the next it doesn't. General models read these documents like web pages. They miss the definitions, and the definitions are where the money is.
Trained on
- Facility agreements and their definitions
- Data-room schedules and disclosure letters
- Audited vs management accounts, reconciled
- Arabic and English filings
Under the hood
- 01
Ingest
OCR + layout parsing of scans, tables and footnotes, Arabic and English; every token keeps its page coordinates
- 02
Definition graph
Clause segmentation; defined terms (Consolidated EBITDA, Permitted Acquisition) resolved into a cross-reference graph
- 03
Embed + retrieve
Domain-tuned embeddings, hybrid BM25 + vector search over a per-deal index held in the client's tenancy
- 04
Model
Open-weight LLM, continued pre-training on financial text, LoRA fine-tune; constrained JSON decoding to a fixed chart of accounts
- 05
Verify
Cross-footing (totals must reconcile) and citation checks against page coordinates before anything is shown
- → Result
Outcome
A red-flag report and a reconciled spread on the analyst's desk the morning after the data room opens, with every number linked to its page and the covenant headroom recalculated under that facility's own definitions.
- Base
- Open-weight, vendor-agnostic; frontier APIs where policy allows
- Training
- Continued pre-training → SFT on definition-level labels → preference tuning on ATHAR edits
- Context
- Whole data room via retrieval; long-context pass on each agreement
- Evaluation
- Field-level F1 vs double-keyed spreads; citation precision; held-out facility agreements