IDP for banks
What are the benefits for the banking industry of an AI-based IDP platform, which document types are processed particularly frequently in this industry and why is ExB the best choice for you in particular – you can find out all this here.
How IDP is revolutionizing the banking industry
In an ever-changing digital landscape, the banking industry faces new challenges, whether from competition, regulatory requirements, or changing customer behavior. This is where ExB and its IDP (Intelligent Document Processing) platform comes in to provide tailored solutions to this sector.
Fact: The banking industry is document-intensive by nature. Huge volumes of documents, such as contracts, account statements, loan applications and more, are processed by employees every day. IDP enables banks to automatically capture and classify these documents and extract relevant information from them. Our AI-based system can process both structured and unstructured data and integrate it seamlessly with your existing banking systems.
Your advantages with ExB
With automated document processing, you process all documents not only faster, but also more efficiently and with fewer errors. Benefit from ExB, the customized IDP platform that optimally meets the specific requirements of the banking sector. From account opening forms and loan applications to transaction slips and proofs of identity, discover how ExB can help you process your documents in seconds instead of days. Because you know, time is money.
Fast onboarding
Implement automated customer onboarding processes, enabling faster and more seamless customer integration.
Detect deviations
Improve risk management through immediate detection and alerting of deviations or unusual patterns in data.
Service by the Book
The banking industry is subject to stringent regulatory requirements and IDP platforms help ensure that all regulations and data protection requirements are met.
Accelerate credit processes
Accelerate credit decision processes through automated data collection and processing.
Cost savings
By automating routine tasks and reducing the need for manual intervention, banks can achieve significant cost savings.
Error Reduction
By automating tasks such as data entry and validation, an IDP platform minimizes human error, which can be particularly costly and risky in the banking industry.
Flexibility for any use case.
Our IDP platform is not only particularly powerful, but also extremely flexible. It can handle any use case, regardless of your industry or specific requirements. Whether it’s digital or scanned paper documents, invoices, emails with attachments or PDFs – our platform handles it all.
Customized AI models for precise results
Our AI models are the result of years of research and development. They are designed to accurately extract information from any type of document. From reports to order confirmations to forms and other unstructured data, our models ensure that you always get the most accurate and relevant information to make informed business decisions.
endless possibilities.
ExB is an Intelligent Document Processing platform that transforms unstructured data from any type of document into structured results. Our AI-based software can not only extract all relevant information from your documents, but also understand them. This allows you to automate your processes and save both time & money, while improving your customer experience and employee satisfaction. Win-win.
We can process these document types for you
Optimize your processes and rely on Intelligent Document Processing with ExB. Our AI processes incoming requests as a whole, i.e. different components (such as cover letter, invoice, attached images) are treated as a single document and information is extracted based on document structure and relational cues. Let our AI process your different document types – and benefit from the result.
Emails (with attachments)
You want to let ExB process your emails (with attachments)? No problem. Here’s how it works. Emails can contain both structured and unstructured text. In addition, they often contain attachments in different formats and relevant information is scattered in the signature, header or body.
With an IDP system, emails can be analyzed to separate the main content from secondary information. Our solution can therefore also recognize attachments and process them accordingly. Through Natural Language Processing (NLP), it understands the context and meaning of email content and can extract relevant information.
Scanned paper documents
And scanned paper documents can also be processed by an IDP solution like ExB. The special feature: scanned documents often show variations in quality, e.g. due to shadows, wrinkles or blurred text, and they often also contain handwritten notes or stamps.
Our IDP solution uses optical character recognition (OCR) technology to extract text from scanned images. Advanced OCR systems can even recognize handwritten text. Image processing algorithms are used to improve the quality of the scanned image and then extract the text.
Photographed documents
Want to process photographed documents and smartphone images completely automatically? With ExB’s intelligent document processing, it’s easy to do.
Images like these can often have perspective distortions, varying lighting conditions, and background noise. Our platform uses image processing techniques to correct existing distortions and improve contrast. OCR is then used to extract the text. In addition, our system can also detect objects or specific features in images that may be relevant to certain applications.
PDFs
Processing PDFs is also no challenge for ExB. The peculiarity of PDfs is that they contain both images and text. Some PDFs are just images of text, while others contain “searchable” text or even complex layouts and embedded media. With IDP software, searchable PDFs can have the text extracted directly. For PDFs that contain images of text, OCR is used. ExB can also analyze the layout and structure of PDFs to identify tables, headings and other important elements. This is how we make your daily business faster, better and more efficient.
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Following ExB’s sensational performance at the MICCAI/GlaS Challenge last year, the company’s image processing technology continues its winning streak in international competitions at the ISIC Challenge for automated skin lesion analysis and melanoma detection.
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