Semantic Evolution: Loan notices data extraction
Industry
Corporate IT Sector
Service
Automation
Project
AI-driven Document Processing, Machine Learning-based Classification
Synopsis
A financial services client needed an automated solution to process 50,000 loan notices annually. The existing process was manual, time-consuming, and prone to errors.
The Challenge
A financial services client needed an automated solution to process 50,000 loan notices annually.
The existing process was manual, time-consuming, and prone to errors.
The Project
- AI-driven Document Processing: Extracted key data points with minimal human intervention.
- Machine Learning-based Classification: AI categorized loan notices based on metadata and content.
Project Delivery
1.AI-powered OCR for Data Extraction:
- Scanned and digitized loan notices in real time.
- AI validated extracted data against financial databases.
2.Automated Workflow Optimization:
- AI-based quality checks ensured data accuracy.
- Seamless integration with the client’s financial systems.
Benefits
- 87% Time Savings: Faster data extraction and processing.
- 95%+ STP Ratio: Reduced manual intervention.
- Increased Accuracy: AI reduced data entry errors
About Us
At Fimatix, we specialise in pioneering productivity engineering solutions, empowering businesses to achieve unparalleled efficiency, innovation, and growth.
Copyright © 2024 Fimatix