Invert-Logo
Careers  |  Media  |  Events  |  Investors  |  Blog
act-sample-bg33.jpg


Gartner-Peer-Insights_Customers-Choice-badge-white-2019
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

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.

Solution

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.

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

Download this Case Study Now

Just fill this form to download the case study.