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Augmatrix for Financial Services

Automate data extraction and processing of KYC documents, financial statements and more completely with Augmatrix.

Accelerate decision-making, minimize data errors, eliminate manual processing.

Banks & financial firms have tons of paper to deal with and digitize those documents. Leverage Augmatrix self-learning AI solutions powered with intelligent Optical Character Recognition (OCR) technology to ensure complete digitization and automation of documentation processing for all types of documents.

Improve Efficiency

Improve Efficiency

Avoid the excessive costs associated with manual data entry & improve efficiency.

Minimize Risk

Minimize Risk

Avoid the common errors associated with manual data entry-based processes.

Shorten Turnaround Times

Shorten Turnaround Times

Achieve faster turnaround times for processes like onboarding / KYC.

Accelerate KYC Compliance

Accelerate KYC Compliance

Automate processing of KYC to speed up new customer approval and onboarding. ‍

"Augmatrix has big impact on reducing overhead costs & increasing the speed of our KYC process with it's Intelligent Document Processing platform."

- Rohan Khedkar, CEO - UpWealth

Retail Banking

Consumer banking services deal with KYC related documents, financial statements, apart from cheque deposits & withdrawals and various other processes. Augmatrix not only helps in digitizing such documents but also helps in automating the entire process and archiving the documents on the cloud. Various departments within the bank can access the documents with ease and therefore, overall process time speeds up.

Commercial Banking

Project financing and commercial loans for infrastructure projects require a lot of document work. Opening bank accounts for an entire organization’s employees too is a hectic task with a lot of paperwork. KYC documents, bank statements, invoices and receipts and various such documents for commercial banks can be easily digitized and automated with Augmatrix AI’s deep-learning and advanced OCR solution. It can be easily implemented and reduces clerical errors drastically.

Wealth Management

Handling various securities and real estate based deals with ample paperwork. Firms tend to lose clients due to lengthy procedures. Add the amount of manual data entry work to it, the entire process becomes even more cumbersome. This can be easily dealt with by integrating Augmatrix AI. The technology is based on machine learning and therefore, has the ability to self-evolve to be prepared for future challenges. Say no to manual data entry work and increase client satisfaction rate with Augmatrix AI.

Insurance Companies

From medical claims and premium collection documents to invoices and receipts in the finance department, insurance companies and brokerage firms have to go through a lot of paperwork. All this hassle can be reduced with Augmatrix AI-powered solutions that help to automate, digitize and store the data on the cloud and provide easy cross-departmental access if required. Overall accuracy rate and business efficiency increase drastically as well with the Augmatrix solution.

Retail Banking

Consumer banking services deal with KYC related documents, financial statements, apart from cheque deposits & withdrawals and various other processes. Augmatrix not only helps in digitizing such documents but also helps in automating the entire process and archiving the documents on the cloud. Various departments within the bank can access the documents with ease and therefore, overall process time speeds up.

Commercial Banking

Project financing and commercial loans for infrastructure projects require a lot of document work. Opening bank accounts for an entire organization’s employees too is a hectic task with a lot of paperwork. KYC documents, bank statements, invoices and receipts and various such documents for commercial banks can be easily digitized and automated with Augmatrix AI’s deep-learning and advanced OCR solution. It can be easily implemented and reduces clerical errors drastically.

Wealth Management

Handling various securities and real estate based deals with ample paperwork. Firms tend to lose clients due to lengthy procedures. Add the amount of manual data entry work to it, the entire process becomes even more cumbersome. This can be easily dealt with by integrating Augmatrix AI. The technology is based on machine learning and therefore, has the ability to self-evolve to be prepared for future challenges. Say no to manual data entry work and increase client satisfaction rate with Augmatrix AI.

Insurance Companies

From medical claims and premium collection documents to invoices and receipts in the finance department, insurance companies and brokerage firms have to go through a lot of paperwork. All this hassle can be reduced with Augmatrix AI-powered solutions that help to automate, digitize and store the data on the cloud and provide easy cross-departmental access if required. Overall accuracy rate and business efficiency increase drastically as well with the Augmatrix solution.

Use Cases for Financial Services

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