Solution

Municipal Bonds Data Extraction

For data operations teams at market information providers covering municipal bonds: continuous crawling of new offering statements, 100+ attributes extracted per issue, verified values pushed straight to your database.

Offering statementBond documentRevision noticeAttribute record
1M+ municipal bonds in scope100+ attributes per offering statementEvery flagged extraction human-verified

The problem

Why this exists

1M+

A universe that never stops publishing

More than a million municipal bonds, each with 100+ page offering documents, and new issues and revisions published continuously — batch-driven manual collection never catches up.

2 readers

Manual review is inconsistent

Two reviewers reading the same offering statement did not always record the same terms, and non-standard clauses went undetected across the portfolio.

Per issuer

Templates break on issuer variation

Format, layout, and legal language vary issuer to issuer, so template-based extraction tools fail exactly where the data matters most.

The product, not a promise

A bond dataset you can interrogate

Municipal Bonds Data Extraction — workspace
New offering statement detected and loaded by the crawlerContinuouscited
100+ attributes extracted from a 100+ page document100+cited
Call provision cited to its page in the statementCitedcited
Non-standard redemption clause — routed to a reviewerverify
Verified attributes pushed to the customer databaseData APIscited
HUMAN-APPROVED BEFORE IT POSTS

How it works

File in. Answer out.

  1. 1

    Monitor

    An intelligent crawler watches for newly published offering statements and revisions.

  2. 2

    Load

    New and updated documents flow into the platform automatically — no manual collection.

  3. 3

    Extract

    Custom document-understanding models pull 100+ attributes from each 100+ page document.

  4. 4

    Verify

    Reviewers resolve flagged extractions, keeping output standardized across the portfolio.

  5. 5

    Push

    Verified values land directly in the customer database through Botminds Data APIs.

Who it's for

Built for the people who own the outcome

Data operations analyst

Review flagged clauses instead of reading 100-page statements.

  • Queue of flagged extractions, each beside its source page
  • Corrections standardize output across every reviewer
  • Non-standard provisions surfaced instead of slipping through

Head of data operations

Coverage keeps pace with the market's publishing volume.

  • Crawler-driven intake replaces batch collection cycles
  • New models trained from 100+ SME-annotated examples
  • Dataset freshness scales without scaling the review team

Data quality / client services

Answer data questions by pointing at the document.

  • Every attribute cited to its page in the offering statement
  • Human verification recorded on flagged values
  • Consistency the manual process never achieved
Market data providersRatings & researchAsset managersBroker-dealersBond insurersFintech data products
1M+municipal bonds in scope
100+attributes per document
100+ pagestypical document length
100+ examplesto train each custom model

The municipal bond market is a data problem measured in millions. A major information provider needed more than 100 attributes extracted from each bond’s offering documents — documents that routinely run past 100 pages — across a universe of over one million bonds, with new issues and revisions published continuously.

Manual review teams produced inconsistent output: two reviewers reading the same offering statement did not always record the same terms, and non-standard clauses went undetected. Template-based automation failed for the opposite reason — the variation in format, layout, and legal language across issuers broke tools that expect data to sit in the same place on every page.

What it does

Botminds attacks both ends of the pipeline. On intake, an intelligent crawler monitors publication sources and loads the latest offering statements — including revisions — so coverage is continuous rather than batch-driven.

On understanding, custom document AI models were built from just 100+ examples annotated by the customer’s own subject-matter experts. The models learn what a call provision or a redemption schedule looks like across issuers, rather than where it sits on one issuer’s page. Extracted values are pushed directly into the customer’s database through Botminds Data APIs, so the data product updates without an export-import step.

Why governed matters

An information provider sells trust. Every extracted attribute is cited to its source page, so a data question from a downstream customer can be answered by pointing at the document. Human reviewers stay in the loop on flagged extractions, and their corrections standardize output across the portfolio — the consistency the manual process never achieved. The result is a bond dataset that keeps pace with the market’s publishing volume, at an accuracy bar reviewers can prove.

Objections, answered

What teams ask us first

How do I trust extracted attributes enough to sell them?

Every attribute is cited to its source page, so a data question from a downstream customer is answered by pointing at the document. Flagged extractions route to human reviewers, and their verification is recorded with the value.

Issuer documents vary wildly — how does extraction cope?

The models learn what a call provision or a redemption schedule looks like across issuers, rather than where it sits on one issuer's page. Custom models are built from 100+ examples annotated by your own subject-matter experts.

How does the data reach our product?

Verified values push directly into your database through Botminds Data APIs — no export-import step. The crawler keeps intake continuous, including revisions, so the dataset updates as the market publishes.

How long to build models for our attribute set?

Your SMEs annotate on the order of 100+ examples per document type inside the platform; from there, extraction runs and review begins. Most data teams are verifying live extractions within weeks, not quarters.

Bring one 100-page offering statement.

Watch 100+ attributes come out cited to their pages live in the demo.

Request a demo