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Case Study

Automating Data Extraction of Loan Agent Bank Notices

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A Leading Global Fintech Company

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Challenge

A leading global provider of financial services technology was manually processing approximately 22,000 Loan Agent Bank Notices daily. This labor-intensive process was considered time-consuming and prone to human error.

Solution

The client implemented the Cognaize platform to replace the fully manual operations, reduce manual workload, and improve the overall reliability of the data. Cognaize, with its advanced AI and machine learning capabilities, automated the data extraction from Loan Agent Bank Notices. The platform's ability to handle large volumes of documents and its precision in extracting relevant information provided a powerful solution to the client's challenges.

Results

Data Extraction Precision
The precision of the AI-driven data extraction reduced human errors by 85%, ensuring higher data reliability and integrity.

Time reduction
The client saw an 83% reduction in the time required to process Loan Agent Bank Notices, thanks to the automated workflows.

Documents Processed
The platform is easily scaled to accommodate the high volume of documents, with the ability to process 22,000 notices daily without any drop in performance.

Efficiency
98% automation led to substantial cost savings by decreasing the reliance on manual labor and enhanced 88% operational efficiency.

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Client ROI

98%

Automation

83%

Time Reduction

88%

Enhanced Operational Efficiency

85%

Reduced Human Errors

22,000

Loan Agent Bank Notices Daily

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Learn how we can help you with our platform

See how you can access unparalleled accuracy and speed in financial document processing for financial service firms.

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