Powder is a platform of AI agents that automates financial document analysis and data extraction for operations and compliance. It helps financial firms process complex, fragmented paperwork with 99%+ accuracy, reducing manual work and the risk of errors.
Financial document automation
Powder can process a wide range of documents, including:
- Brokerage statements
- 401(k) and IRA documents
- Private asset data
- Balance sheets
- Vesting schedules
- Wills
- Tax returns
- Insurance policies
- Asset presentations
It supports multiple accounts and alternative investments, and works with:
- PDFs
- Faxes
- Images
- Excel files
Built for investing and compliance workflows
Powder is designed for investment advisors, wealth managers, back-office teams, and compliance teams. Common tasks include:
- Collecting portfolio data quickly
- Identifying missing tickers
- Preparing portfolio reviews and reports
- Working with multilingual documents and closed-end funds
Accuracy and scalability
Specialized AI agents focus on extracting and structuring data reliably, which is important for regulatory requirements and internal controls. This enables teams to scale operations and speed up client onboarding without growing headcount at the same rate.
