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Could they be manipulated into paying doctored invoices, wiring funds directly to a scammer? In the comfort of their own home, amidst the fear and chaos, do your employees know what to do to protect themselves from such scams? Employees with access to company funds – are they vulnerable?
This data includes loan applications , insurance documents , emails, reports, invoices, supporting documentation and contracts. This is where Intelligent Document Processing (IDP) comes in. IDP is a technology that uses artificialintelligence and machine learning to automate the extraction of data from documents.
Documents can either be internally generated and completed by customers or employees, or they can be any kind of document with information on it, such as bank statements, pay stubs, invoices, tax forms, basically any kind of document or image sent in by a customer. This fosters trust with loan applicants, compliance teams, and regulators.
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