Remove Compliance Remove Data Entry Remove Unstructured Data
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How to Streamline Auto Loan Origination with Intelligent Document Processing (IDP)

Lightico

This often result in inefficiencies, delays, and increased risk of errors and non-compliance. Historically, the extraction of relevant data from these documents has relied heavily on optical character recognition (OCR), manual data entry, or basic forms from the LOS or DMS with the dealership salesperson standing as the go between.

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Conquering Uncertainty: How Intelligent Document Processing (IDP) Empowers Your Credit Analysts

Lightico

Accuracy at Scale – Building a Foundation for Informed Decisions Human error is an inevitable part of manual processes and data entry. IDP eliminates this risk factor by extracting data with exceptional accuracy using advanced algorithms and AI. In essence, IDP doesn’t replace credit analysts; it empowers them.

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Harnessing the Power of AI in Lending: Leveraging Artificial Intelligence to Revolutionize Loan Originations Servicing and Document Management

Lightico

The digitization of the financial services sector has generated vast amounts of unstructured data in the form of documents, either PDF or images, and volumes of data that can hold valuable insights for businesses, and help make better decisions. However, extracting meaningful information from this data has been a challenge.

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From OCR (Optical Character Recognition) to IDP (Intelligent Document Processing): The Evolution of Automation & AI in Financial Services

Lightico

Especially, when manual entry requires, for compliance reasons, the dreaded “stare & compare.” Think data entry, form filling, and basic calculations—tasks that follow a clear set of instructions. Reduced Errors : Minimizes human error by eliminating manual data entry.

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How AI-Driven Contact Centers Can Improve Loan Approvals & Debt Recovery

Hodusoft

Regulatory Compliance Banks and financial institutions must comply with a wide range of regulations governing lending practices such as anti-money laundering (AML), Know Your Customer (KYC) requirements, and others specific to lending. They can answer frequently asked questions (FAQs) about loan applications and recovery processes.

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Text Analytics for Health: AI-Driven Healthcare Insights

SurveySensum

It uses AI capabilities like NLP and machine learning to analyze, categorize, and interpret vast amounts of text-based healthcare data. With SurveySensum you can automate data collection from multiple sources, ensuring that patient feedback, complaints, and reviews are consolidated in one place for a unified view. Why is it Important?