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The bank received the import collection documents like letter of credit, covering letter, invoices, certificate of origin, etc. from the exporting banks in multiple formats which was unstructured and the client wanted to capture data from various unstructured documents related to each Trade Finance case in the ERP system and sanction payment.
Datamatics analyzed the bank’s IT environment vis-avis their current business requirement and deployed Intelligent Document Processing (IDP) solution, TruCap+ powered by Artificial Intelligence and Natural Language Processing (NLP).
The integrated AI in TruCap+ helps to scan the content in an unstructured format (text and paragraph form), read, decipher, and capture information fields, such as currency, amount, LC number, etc.
Faster than manual process
Enhancement of Productivity
Reduction in operational expenditure
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Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage.