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• Client : Bank
• Category : Ai & ML
• Date : 29/08/2018

Challenge
Mortgage applications are primarily processed manually in the service back office. The enormous efforts employees spent on manually reviewing submitted documentation and transposing relevant application data creates high costs. An outdated approach.

Approach
Use AI to automatically manage supporting documents in processing applications. Validation and automated extraction of relevant data and transfer to legacy systems.

Results
Lower the cost of loan application processing. Quicker Decisions: Speed up mortgage process. Efficient procedures: Automate parts of loan processing to relieve skilled workers from mundane tasks.