A Diversified Financial Services Firm with over 354 offices globally
Client Overview
The financial industry has always dealt with processing huge volumes of paper documents and with the rise of digital technology – there is a need to deal with myriad formats of data in addition to the volume.
Business Challenge
A team within the firm manually entered & verified scanned bank statements. The data captured was leveraged to evaluate the creditworthiness of its customers. For a 30-40 pager document, this entire process of extraction and insights generation took approximately 3 hours.
Solution Impact
40 pager document processed & analyzed in less than 30 sec
Cost saving – manual efforts are slashed
Reduced risk of regulatory breach
System is capable of processing 170+ different bank statements
Our Approach
Using Quadratyx Cognitive Document Analyzer,
a big data solution was built to recognize and analyze diverse types of bank statements.
The solution is also able to handle images with pen strokes and salt – pepper noise.
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
