BFSI


HOW A PAYMENTS BANK USED COMPUTER VISION FOR FRAUD DETECTION

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At the time of application for FASTag issuance, vehicle registration number & vehicle Registration Copy (RC) is uploaded by the customer on the app. These details are manually verified by the firm before dispatching to their customers. The industry has been on a lookout for solutions that can help reduce their processing time and reduce costs associated with fraudulent transactions.



THE
CHALLENGE
At the time of application for FASTag issuance, vehicle registration number & vehicle Registration Copy (RC) is uploaded by the customer on the app. These details are manually verified by the firm before dispatching to their customers.
The industry has been on a lookout for solutions that can help reduce their processing time and reduce costs associated with fraudulent transactions.


THE
SOLUTION
AmyGB’s Intelligent Document Processing Platform offers the ability to do away with the erroneous and time-consuming manual verification process, to delight customers with a single-click, Instant approval and activation of their fast tags. Technology such as Computer Vision, OCR/ICR, Machine Learning, Neural Linguistic Programming and API verification have been used to detect fraudulent transactions and flag them for manual intervention, while automating remaining transactions with instant approvals.


HOW A PAYMENTS BANK USED COMPUTER VISION FOR FRAUD DETECTION





KEY
OUTCOMES
  • Enhanced speed with 90% reduction in processing time
  • 70% reduction on manpower dependence
  • 80% higher accuracy than manual intervention
  • Fraud detection capabilities with intelligent detection of fake / duplicate RC copies
  • Improved scale of operations with ability to process more applications in lesser time, aiding revenue generation
  • Customer Delight with Instant Approvals and Instant Activation of Fast Tags
  • Improved distribution efficiency by allocating color coded Tags based on vehicle class automatically derived from the Document Processing Platforms and APIs

INDUSTRY USE CASES

BFSI

BSFI
Use IDP to enhance efficiencies, higher security and greater control of data.

Healthcare

Heathcare
Focus on improving patient care by better management of physician and operations data.

F&A

F&A
Move beyond manual processes to save time, avoid costly errors and keep valuable information at your fingertips.

Invoice Processing

BSFI
Reduce expenses and time spent on issue resolution by eliminating complex, labour-intensive processes.

Logistics

Logistics
Extract business-ready information from non-standard documents to improve shipping visibility without any delays.

SO, WHAT WOULD YOU WANT  
TO AUTOMATE TODAY?

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AmyGB.ai - Do More With Less