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Banking

Our blog covers Document Automation tips, productivity hacks, and lessons learned from serving clients from multiple industries.

Banks are using Financial Data Aggregation to Penetrate Market
Banks are using Financial Data Aggregation to Penetrate Market

One cannot overstate the value of financial data aggregation considering each and every facet of today’s organizations are managed digitally. To learn more in detail about the topic, read ahead…

October 31, 2022

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Receipt Data Extraction - Let Automation Help You!
Receipt Data Extraction - Let Automation Help You!

Manual information extraction from receipts costs your business time and money. Learn how an automated system can work wonders for your business.

September 26, 2022

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What is Touchless Invoice Processing?
What is Touchless Invoice Processing?

For each step in an invoice’s manual processing, accounts payable might need half a day or more resources. It can also lead to lost, misfiled, and duplicate invoices. The solution ‘Touchless Invoice’, therefore, read ahead to learn more…

September 23, 2022

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What are the Steps for Processing Documents in Banking?
What are the Steps for Processing Documents in Banking?

Processes in banks can be complex both from an insider and outsider perspective. Yet, it is work of the bank to make its processes easier and compliant boosting customer experience. This article discusses one such aspect i.e. document processing and what can be done to fix it.

September 19, 2022

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How to Automate Tracking of Outgoing Documents?
How to Automate Tracking of Outgoing Documents?

Handling the data today is amongst the toughest jobs. With automation solution onboard, the task can be easily done saving enormous cost and time for processing. Read ahead to learn more!

September 19, 2022

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How to Organize Paperwork and Bills using IDP
How to Organize Paperwork and Bills using IDP

While paperwork and bills in organizations are of utmost importance, a decent volume of organizations still end processing them the traditional route. Read this article to learn the importance of organizing and how can IDP help you do the same with much effective.

September 14, 2022

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Why Should you Switch to Document Workflow Automation?
Why Should you Switch to Document Workflow Automation?

Document workflows are of empirical importance today. With multiple use cases, chances of errors, huge volumes, unstructured data, etc. sticking to traditional methods is a strict 'NO'. With this article, we have tried to throw light on various reasons and benefits one would get post automation.

September 13, 2022

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Here is Why your Business Should Adopt IDP Sooner?
Here is Why your Business Should Adopt IDP Sooner?

Managing business documents is tricky business. Learn how adoption of IDP can help you!

September 1, 2022

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Types of Document Verification : A Detailed List for 2022
Types of Document Verification : A Detailed List for 2022

Before cell phones, high-speed internet, and a global pandemic pushed the globe to digital-first onboarding, banks, financial institutions, and other organizations could verify identities by matching a person's face to an actual picture ID. The verification could not be accepted at face value; pardon the pun. A back-end system was still required to confirm the identification by comparing unique identifiers, such as name, date of birth, and address, to independent credit header and utility data.

August 29, 2022

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How to Improve OCR accuracy - Get 99% Accuracy With Our Guide
How to Improve OCR accuracy - Get 99% Accuracy With Our Guide

Over the last several decades, advancements in computing power, machine learning techniques, and the complexity of Optical Character Recognition (OCR) algorithms have led to steadily rising accuracy rates. However, OCR accuracy of 99% or more significant is still relatively rare and not easy to obtain.

August 26, 2022

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