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A Leading American Bank Gets Its 35 Million Documents Auto-classified and Consolidated Within 2 Weeks

Client

One of the leading banks in USA

Industry 

Banking & Financial Services

Region

United States of America

Challenges

The client had acquired 6 banks and the number of documents had increased in their document management system. The client had 35 million documents of loan application forms and supportings and wanted to auto-analyse, auto-index, and auto-classify the documents into 275 pre-defined categories and evaluate Smart Automation possibilities towards classification of the documents

Solution | Artificial Intelligence 

Datamatics recommended and implemented TruAI based solution supported by Artificial Intelligence and other cutting edge technologies in a result-driven environment. It did the auto-analysis of the documents and context analysis and auto classified the documents in one of 275 categories to make documents and pattern discoveries searchable and retrievable using Naïve based algorithm.

Impacts

cc114

50%

Reduction In Operational Expenditure

cc63

87%

Accuracy Improved

cc350

150

Man Hours Saved Per Month

cc18

35 mn

Documents Auto-Classfied And Auto-Indexed

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