2-CLICK CUSTOMER ONBOARDING: UNDERSTAND VERIFY PROCESS CUSTOMER DOCUMENTS USING “AiBlock™”.
KYC and two click customer on-boarding for Israel’s largest investment firm (Hebrew Language)
A volume of documents that customer provides for on-boarding is huge. And KYC process itself is very cumbersome. Verification of each document type is different as per the issuing authorities. And extraction of information from different type of documents is also not similar. An army of BPO executives are deployed and human error of 10% affects 80% of the downstream business processes.
A set of AiBlock™, to understand documents. Classify them into different groups according to their format and issuing authorities. Extraction of information from each of these documents using state-of-art neural networks and OCR technologies. And APIs to verify these documents – all together decrease TAT by 300% percent. Efficiency increase by 200%
AiBlock™ capable of understanding Hebrew, integrated with the existing system and provide for precise and state-of-art models to easily onboard new customers.