Invoices are the lifeblood of any business, containing a wealth of crucial information like customer and vendor details, order specifics, pricing, and taxes. The catch? Extracting data from invoices and matching this data from invoices to other documents can be … Read More
Blogs
Blogs
FinTech News, Product Updates and Thought-leadership articles.
Using AI and Automation in the Finance Back Office
With the advent of Artificial Intelligence (AI), Machine learning (ML), Natural Language Processing(NLP), and Robotic Process Automation (RPA), businesses can streamline workflows, cut costs, and foster sustainable growth amid market challenges. Despite advancements in enterprise resource planning (ERP) systems, a … Read More
How to Spot Fake Bank Statements
With evolving digital transactions and sophisticated fraud techniques, the need for robust fraud detection mechanisms is equally increasing. One area where this is particularly pertinent is in identifying fake bank statements, a common tool fraudsters use to manipulate financial information. … Read More
Top Trends in Investment Banking
The investment banking sector is currently grappling with several challenges. These include dealing with capital charges, digital adoption, rigid cost structure, intricate and layered technological stacks, and increased regulatory demands. As a result, various investment banks shifted their emphasis from … Read More
Leveraging AI for Advanced Lending Fraud Detection
Fraud has plagued the lending industry for many years. Fraudulent behavior in lending can take many forms, including identity theft, loan stacking, and money laundering. To combat these issues, lenders increasingly turn to artificial intelligence (AI) for fraud detection. AI … Read More
Unveiling Insurance Use Cases and Emerging Trends in the Age of Automation
The new-age insurance industry is undergoing a digital transformation like no other, and the stakes have never been higher. According to recent statistics from Allied Market Research, global AI in the insurance market is expected to reach $45.74 billion by … Read More
NLP In Pharma: Transforming Clinical Data Into Positive Outcomes
The pharmaceutical industry thrives on data. From drug discovery to clinical trials, regulatory compliance to pharmacovigilance, mountains of textual data are generated daily. But the challenge lies in collecting this data and making sense of it. That’s where Natural Language … Read More
Top Benefits & Use Cases of NLP in Insurance Industry
The influx of data has long challenged the insurance industry—a cascade of claims, market analyses, regulatory documents, and customer interactions. Amidst this data accumulation lies the need for efficient processing, accurate risk evaluation, and compliance adherence. Fortunately, the insurance industry … Read More
Streamlining Mortgage Processing: The Power of Automation
Securing a mortgage loan is a significant milestone on the path to homeownership. However, the process involved in acquiring a mortgage can often be intricate and time-consuming, especially regarding mortgage underwriting. Mortgage underwriting is a critical step in the loan … Read More