Parsewise

Meet the startup transforming financial risk assessment with 8x faster case reviews with Gemini

Results on Google Cloud
  • 8x faster portfolio review time with Gemini

  • 29% lower error rate than best-performing LLM on grounded-reasoning benchmark

  • Handles unpredictable traffic surges with Gemini Enterprise Agent Platform

Parsewise uses Gemini to streamline complex risk analysis, accelerating review times 8x and delivering benchmark-leading accuracy.

Streamlining risk analysis for regulated industries
with Google Cloud

For risk specialists in the financial services and insurance industries, reading can feel like a full-time job. Whether assessing an insurance claim or approving a loan, these subject matter experts must search through hundreds of pages of scanned forms, multi-tab spreadsheets, and legal text to find specific details. The task gets even harder when the same data point conflicts across documents or changes between revisions. This manual review process is slow, repetitive, and leaves room for human error.

Greg Csegzi and Maximilian Hofer founded Parsewise to solve such challenges. Having previously built data systems for these regulated sectors, Csegzi noticed that subject matter experts worked much faster when they had direct control over their information. With Parsewise, Csegzi and Hofer aimed to put that capability directly into the hands of risk analysts, with an AI platform that turns messy files into structured, decision-ready insights.

The support from the Google for Startups team has been remarkable. They moved as fast as we did, unblocking technical challenges and enabling us to validate our approach to help our customers make better risk decisions.

Greg Csegzi

CTO and Co-founder, Parsewise

To provide this clarity, Parsewise needs technology capable of reading files reliably. However, the company's early tests with other AI tools led to issues in performance. User requests on the Parsewise platform are highly unpredictable, frequently jumping from zero to tens of thousands of requests in a single minute. These sudden spikes triggered strict rate limits with previous systems, causing pipeline errors and forcing clients to wait for answers. Standard models also struggled to read blurry scanned pages or track policy changes across documents published years apart.

To solve these problems, Parsewise turned to Google Cloud. By accessing Gemini models through the Gemini Enterprise Agent Platform, the team gained a robust infrastructure capable of absorbing traffic spikes without slowing down. The company also joined the Google for Startups Cloud Program, which provided the technical guidance and financial credits necessary to test its platform on vast amounts of data.

“The support from the Google for Startups team has been remarkable,” explains Csegzi, CTO and co-founder of Parsewise. “They moved as fast as we did, unblocking technical challenges and enabling us to validate our approach to help our customers make better risk decisions.”

Parsewise team

Processing unstructured documents and reasoning across files with Gemini models

Parsewise integrates Gemini models directly into its data processing pipelines and conversational workspace, Navi. This setup helps analysts safely upload, extract, and question their files in a logical sequence.

The process begins when a user uploads a batch of files. Parsewise uses Gemini 3.0 Flash to instantly extract all text, tables, and layouts, caching the data for rapid downstream analysis. This immediate extraction speeds up the entire pipeline for the end user. Gemini 3.0 Flash uses spatial and visual recognition to read legacy scanned pages and dense financial charts, spotting partially obscured text that traditional tools miss.

To build trust in its output, Parsewise uses the models' spatial understanding to pinpoint exactly where specific data such as a relevant number appears, highlighting the location on the original scanned page. With one click, human analysts can trace each result back to its source, making it easier to resolve inconsistencies across documents and greatly reducing the risk of hallucinations. Parsewise also needs to ensure its customers can trust the platform’s data security and regulatory compliance. By selecting regional data residency settings within the Gemini Enterprise Agent Platform, Parsewise restricts data processing to the European Union, ensuring it meets strict GDPR and SOC 2 requirements for its financial clients. “Gemini Flash stands out against previous third-party models we tested because it actively asks for more information when context is missing,” says Nikola Bozhinov, head of engineering at Parsewise. “Instead of jumping to an unverified answer, it interacts with our platform to request the exact details required to deliver a reliable result.”

Instead of using basic keyword searches, Parsewise relies on Gemini to read every single page across thousands of files. This exhaustive search ensures the platform spots revised figures or conflicting statements published years apart.

For deeper analysis, users ask natural language questions using the Navi conversational workspace. Here, Gemini 3.5 Flash acts as a reasoning engine, breaking down complex queries to search across thousands of pages and rapidly extract relevant facts. The platform provides clear visibility into its reasoning traces, allowing Parsewise users to easily interpret how decisions are formed. If a query is too vague, the model actively prompts the user for more information rather than simply inventing responses—a major improvement over previous third-party models. When additional context is needed, Parsewise uses Grounding with Google Search to safely pull relevant information from the web without exposing any confidential customer data.

Gemini Flash stands out against previous third-party models we tested because it actively asks for more information when context is missing. Instead of jumping to an unverified answer, it interacts with our platform to request the exact details required to deliver a reliable result.

Nikola Bozhinov

Head of Engineering, Parsewise

For Parsewise's customers, these technical capabilities translate directly into faster, more reliable business outcomes. Instead of manually sampling <5% of a large claims book, risk specialists assess the entire book end to end, spotting hidden risks instantly and accelerating their decision-making by up to 10x.

Treasury Bulletin analysis showing a data table for net budget receipts

Accelerating risk decisions and setting
benchmark standards with Google Cloud

With Gemini models we can deliver results that are not only fast, but significantly more accurate than with other providers. This allows individual customer pipelines to spin up parallel requests working through billions of tokens per minute, cutting execution times up to 10x.

Greg Csegzi

CTO and Co-founder, Parsewise

Moving to Google Cloud has helped Parsewise deliver substantial time savings for its clients. In mortgage lending, analysts previously spent up to two hours manually checking pay slips, tax forms, and property reports for a single application. With Parsewise, that same review is 8x faster, taking just 15 minutes. Because the platform can search every page exhaustively, clients no longer have to rely on random data sampling. They can review entire portfolios of insurance claims or loan applications quickly and thoroughly, allowing them to focus on evaluating risk rather than copying numbers.

Parsewise also proved the strength of its system on the Databricks OfficeQA PRO benchmark.

The benchmark tests how well a system can reason across nearly 89,000 pages of US Treasury Bulletins spanning 90 years. Parsewise used Gemini models to achieve a top score of 69.92% correctness, outperforming other leading models. The platform's deep search capabilities uncovered updated historical figures across 15 questions, several of which the Databricks research team has since accepted into the benchmark.

Looking ahead, Parsewise plans to test newer Google Cloud models to reduce processing costs even further for its users. The company is also growing its team and deploying its platform directly inside its customers’ secure cloud environments on Google Cloud.

“With Gemini models we can deliver results that are not only fast, but significantly more accurate than with other providers,” concludes Csegzi. “This allows individual customer pipelines to spin up parallel requests working through billions of tokens per minute, cutting execution times up to 10x. As a result, our customers can verify outputs quickly to build trust as we continue to explore new AI capabilities and redefine the future of risk analysis.”

Bar chart titled "Agent Performance" showing correctness percentages for GPT-5.5 (52.63%), Claude Fable 5 (57.90%), Parsewise Gemini 3.5 Flash (58.65%), and a revised version (69.92%)

Parsewise is a decision platform that uses AI to assess complex risk at scale, helping analysts across underwriting, claims, and portfolio diligence make faster, more reliable decisions.

Industries: Financial Services, Startup

Location: UK

Products: Google Cloud, Gemini, Gemini Enterprise Agent Platform, Gemini Flash

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