bank check processing for a global Commercial Bank
100%
Accurate Extraction
95%
Time Reduction
20x
ROI
Client
Tier 1 Commercial Bank
Goal
Automate data extraction from bank checks to integrate into their business workflow.
CHALlENGE Overview
A service provider for financial services industry was tasked with verifying key information for their commercial bank customers. A Tier 1 commercial bank needed to automate the data extraction from bank checks to integrate into their business workflow. The provided check images are extremely low-resolution of thumbnail size (<4KB). From these images, the service provider must verify all information including names, address, account number, and routing number.
WHAT WE DID
- SinguIarityAI platform was used to extract all key data from financial forms
- Their team was able to fully train the AI model in days
- SingularityAI provided a REST API to allow customer to export results to their database.
- Calculated confidence scores for each extracted field for data verification.
IMPACT
- 100% accurate extraction
- Calculated confidence scores for each extracted field for data verification
- 95% Time reduction
- 20x ROI
