AI Powered Intelligent Data Extraction

Extract Banking Forms, KYC Documents, Loan Applications, and Handwritten Text in Minutes with Idexcel AIDE

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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

Tax Forms

Tax Forms

Banking Forms

Banking Forms

Accounts Receivable & Payable Records

Accounts Receivable &
Payable Records

Summary of Bank Statements

Summary of
Bank Statements

Handwritten Text

Handwritten Text

Insurance Claims or Application Forms

Insurance Claims or
Application Forms

Problems & Bottlenecks Solved by AIDE

Manual Errors
  • Manual errors that compromise data integrity
  • Time and complexity of processing unstructured data
External/Internal application
  • External/Internal application compatibility issues that lead to more costs
  • Manual workforce costs and resource management challenges
Inability to scale
  • Inability to scale during seasonal/event-driven influxes
  • Human worker burnout and exhaustion with manual, repetitious tasks

Key Business Advantages of Idexcel AIDE

Save Significant Time & Reduce Costs

Save Significant Time &
Reduce Costs

Faster Operations to Improve Productivity

Faster Operations to Improve
Productivity

Increase Data Accuracy, Integrity, and Quality

Increase Data Accuracy, Integrity,
and Quality

Enhanced Data Value

Enhanced Data Value

Language Agnostic Extraction Power

Language Agnostic
Extraction Power

Improve Compliance

Improve Compliance

AIDE DEMO Videos

AIDE Form Extraction

AIDE is an Extraction and Redaction utility. It can automate manual extraction of the forms, tables, plain text data in an organization. Here there is a W2 Form which is in a printed format. We are going to pass it to AIDE and get the extracted output. AIDE uses the latest in AI/OCR technologies and gives above 95% accuracy. For custom solutions, we can even redirect the output to any software suite for downstream processing.

AIDE Table Extraction

AIDE can intelligently extract tables from noisy documents. The documents can be in the form of PDF printed text or scanned documents. The accuracy of the extraction is also greater than 95 percent. AIDE can extract table content, and get the accurate table reconstructed in the output.

AIDE Text Extraction

AIDE has the feature to extract plain text intelligently and it understands the context of the entities used as you can see in the post-extraction screen. This is useful in industries like Legal, Medical, Research, etc. We can get the output as a text file and JSON file in the output zip. The JSON file can be used for further processing.

AIDE Redaction

AIDE has the feature to Redact sensitive pieces of information from the forms. Redaction is done on pixel level so the information redacted is secure and non-reversible. The redacted PDF will send it to your email id. There are two options for the output file type, either you can receive the redacted file as a CSV or as a PDF.

AIDE - Multi-File Processing

AIDE can process multiple forms together. In this DEMO, you can see how AIDE process four different types of forms using the multi-file processing option.

AIDE Solution Brief

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.

Download

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We would like to know how the Idexcel AIDE can solve the data extraction challenges and enable new business outcomes.