Summary
The client sought an automated solution for extracting, classifying, and processing various financial documents, such as OBIAS (Organizational Background Information and Assessments), KYC (Know Your Customer) forms, Wolfsberg Group documents, and regulatory forms required by institutions like SNCH. The goal was to reduce manual effort, minimize errors, and ensure compliance with strict financial regulations while achieving faster document processing with high accuracy and traceability.
Introduction
We developed an AI-powered document processing solution designed to replace manual workflows, providing faster and more efficient handling of documents. The project was completed in 10 months, and we are continuing to enhance its features. Our solution is tailored for financial institutions, regulatory bodies, fintech companies, and investment funds.
Case studies
Streamlining KYC Processes
A major French bank transformed its onboarding process with our solution:
Background and Challenge
Lengthy and complex KYC processes were impacting both customer satisfaction and compliance.
Solution
Automated KYC verifications with advanced document recognition technology.
Results
Reduced processing time by 70%, significantly boosting compliance and improving satisfaction for customers and partners alike.
Digital Transformation : Document Automation
A German fintech startup streamlined its contract management with our automation solution:
Background and Challenge
Manual contract management was slow and prone to errors
Solution
Deployed an automated contract management system with integrated electronic signatures.
Results
Reduced manual work by 60% and sped up contract review time by 50%.
Features
- 1
Validation Panel Screen:
Offers a detailed interface for users to review and validate extracted data, with accuracy metrics for each document - 2
Multi-Language Support:
Enables document extraction in multiple languages to meet international compliance standards. - 3
Multiple Document Extraction Outputs:
Extracts key data from various document types (e.g., R149, R858, KYC, OBIAS, Wolfsberg). - 4
Admin Screens:
Allows administrators to manage document templates, monitor processing performance, and oversee system functionality. - 5
Document Onboarding:
Simplifies and accelerates the onboarding of new document types for automated extraction. - 6
AI-Driven Validation:
Cross-checks extracted data against regulatory standards and existing datasets to ensure accuracy and compliance.
