Document Processing Challenges for Banking Industry
Banks are processing millions of documents every day, and these can range from standard documents to handwritten forms. Document extraction is one of the biggest challenges for banking operations, and each department is handling various documents like application forms, KYC documents, identify proofs, financial reports, loan applications, and many more. For example, in a loan origination process, multiple documents need to be collected, sorted, and processed at every stage that involves time-consuming, manual workforce costs, and resource management challenges. Idexcel AIDE can solve all the document extraction challenges that the banking industry is facing now and you can extract banking forms, KYC documents, loan applications, and handwritten text in minutes with Idexcel AIDE.
Idexcel AIDE (Automated Intelligent Data Extractor)
Idexcel AIDE (Automated Intelligent Data Extractor) framework enables rapid processing of documents, PDFs, images, for financial operations, application processes, and any other procedures that involve the intake of data in an unstructured format.
Text-based PDFs, handwritten forms, and scanned copies were originally designed with information processing by humans in mind and not for modernized computer data processing workflows. This presents a major opportunity for organizations to leverage the most advanced technology to innovate and reinvent operations.
Typical Documents Handled by AIDE
Problems & Bottlenecks Solved by AIDE
- Manual errors that compromise data integrity
- Time and complexity of processing unstructured data
- External/Internal application compatibility issues that lead to more costs
- Manual workforce costs and resource management challenges
- Inability to scale during seasonal/event-driven influxes
- Human worker burnout and exhaustion with manual, repetitious tasks
Key Business Advantages of Idexcel AIDE
AIDE DEMO Videos
AIDE Solution Brief
![](/img/aide-solution-brief-download.jpg)
Download the Idexcel AIDE Solution brief and learn more about how AIDE solves the major data extraction challenges and common problems & bottlenecks. Also, the solution brief explains the AIDE functionality and key advantages.
GET A FREE DEMO
We would like to know how the Idexcel AIDE can solve the data extraction challenges and enable new business outcomes.