Commercial Customers Onboarding and Financial Spreading automation
Challenges
US based bank was struggling with manual onboarding process for Commercial Customers. It required information extraction from several financial documents for each client, as well as financial spreading to integrate the data with client’s financial analytics tool. The process was time-consuming and error-prone.
Solutions
- Straive revamped the customer onboarding process to efficiently classify clients' financial documents using AI models, enabling the extraction of complete datasets from these documents.
- Extracted and normalized data is validated through a combination of automated business rules and human-in-the-loop processes, allowing the client's team to focus only on a small subset of exceptions while Straive handles the straight-through processing for the majority of documents.
Impact
- Achieve over 90% accuracy in automated data extraction
- Reduce customer onboarding time by 20%
About Us
At Straive, we operationalize data analytics and AI for global enterprises. We leverage our unique people-process-tech framework to build the best-of-breed data analytics & AI solutions. By operationalizing this solution into your core workflow, we deliver real-world measurable impact and better ROIs through a combination of higher efficiency, elevated experiences, and enhanced revenues.
For more information about our services and how we can help you operationalize data analytics and AI, please visit our website: www.straive.com contact us at contact@straive.com.
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