The Agentic Bank

Data-Room Diligence Agent

⬡ Magpie Reads the virtual data room and surfaces diligence findings.
◆ Supervised Orchestrator

Ingests the thousands of documents in a VDR … contracts, financials, cap tables, litigation … and produces a structured findings log: change-of-control clauses, contingent liabilities, customer concentration, risk items. Reads the full room in a single sweep, with every finding cited to a document.

Memory

Working The current document and the open findings checklist.
Episodic Findings already logged on this deal (avoid duplicates / link related).
Semantic Diligence taxonomy and red-flag clause library by deal type.
Procedural Extraction playbooks per document type (contracts, leases, accounts).
Store File-based memory tool + findings knowledge graph

Orchestration

orchestrator-worker MCPA2A

Harness · Managed Agents … orchestrator spawning parallel reader sub-agents by document category with fresh context each; findings merged into a NOTES log.

Tools

{ } Virtual data room API { } Document OCR + parsing API Clause / red-flag retrieval Retrieval { } Findings tracker API

Evals & guardrails

  • Citation discipline … every finding links to the source document and page.
  • Agent-as-judge sampling of findings for false positives / missed red flags.
  • Coverage check: flags un-reviewed document categories before sign-off.

Offline reflection

Learns which clause patterns the deal-committee agent escalated vs. ignored, sharpening its red-flag library per sector and deal type.

Frontier edge

  • Confidential compute: reads the VDR inside a secure enclave (TEE) so target PII and MNPI never sit in clear text outside the room.
  • Multimodal extraction: reads scanned contracts, cap-table images and signed PDFs natively, not just OCR'd text.
  • Long-horizon autonomy: chains parallel readers across a 4,000-document room in one supervised multi-hour run on the METR curve.

A sample run

Trigger Buy-side diligence opens on a 4,000-document data room with a tight LOI deadline.
  1. 1Index and categorise the room; spawn parallel readers per category.
  2. 2Extract change-of-control, indemnity and termination clauses from contracts.
  3. 3Flag customer concentration and contingent liabilities from the accounts.
  4. 4Merge into a cited findings log ranked by deal impact.
Output A structured diligence findings report with top risks surfaced and cited, committed to the deal-committee agent; three high-impact items escalated to an oversight agent.

In numbers

thousands
Documents reviewed / deal
median 6 h on a 4,000-doc room
Diligence sweep latency

Handoffs

Across ⇢ Risk → credit/legal review on flagged liabilities⇢ Compliance → conflicts and MNPI controls

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