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TruCap+ Automates Data Capturing Of Import Collection Documents For A European Bank

Client

Norway's largest financial services group

Industry 

Banking & Financial Services

Region

Norway

 

Challenges

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.

Solution

Datamatics implemented TruBot for automating data capturing process for import collection documents and TruCap+ which did not only read the information on the documents but also checked all the attachments and their order.

NLP function was used where TruBot analysed the payment instructions which were written in paragraph and different formats

 

Impacts

annual-report

800%

Faster than manual process

annual-report

90%

Enhancement of Productivity

cc250-1

50%

Reduction in operational expenditure

cc63

100%

Accuracy achieved

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