Intelligent Document Processing
Artificial Intelligence (AI) can automate document processing for forms such as KYC forms, tax documents, and SEC filings by combining Optical Character Recognition (OCR) and Natural Language Processing (NLP) to read and understand a document and extract specific terms or words. Using AI can help reduce manual efforts and discover insights in your documents so you can process documents faster and with higher accuracy.
Documents in the financial industry vary in layout and format which may require different AI services. Below is an example of a reference architecture for various forms with in the financial technology industry.
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