BankInovation

DECEMBER 6, 2023

Citibank is looking to reduce manual processing risk and costs by utilizing document processing company, Traydstream to automate document information processing and document creation. “The

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BankInovation

MARCH 26, 2024

Document processing is a routine task in the finance industry, but does it have to be manual? In an era where the banking sector is grappling with a growing volume of documents, the need for efficient, accurate, and swift document processing systems has never been more critical.

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PYMNTS

JULY 8, 2020

Trulioo , the Canadian company that provides online identity verification, has introduced a facial recognition and document validation technology it says will enable small and medium-sized businesses (SMBs) to provide the same level of online protection to their customers as global conglomerates.

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BankInovation

MARCH 3, 2022

Unstructured data in documents is an automation focus for the Bank of Montreal. The $773 billion bank is employing artificial intelligence-based (AI) document handling as a chief technology, Atul Verma, BMO’s CIO of U.S. Intelligent document processing using technologies such […]. CHARLOTTE, N.C.

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Charlotte Lending Technology Data 98

BankInovation

JULY 6, 2021

When Citizens Bank wanted to import data from the financial statements of its commercial borrowers, it turned to intelligent document processing (IDP) to automate aspects of the process, which previously relied on manual keying. Intelligent document processing leverages artificial intelligence (AI) technologies to read and process documents.

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BankInovation

JANUARY 3, 2022

For banks looking to achieve a positive return on automation investment, loan documents are a low-hanging fruit. In this episode of “The Buzz," Bank Automation News speaks with financial services and technology attorney Josias “Joe” Dewey on automating financial contracts.

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Payments Dive

NOVEMBER 15, 2024

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

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South State Correspondent

AUGUST 31, 2022

Banks are full of documents. Each document contains an extensive array of data. Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications.

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Data Training Examples Taxes 74

PYMNTS

JUNE 11, 2020

CargoX ’s Platform for Blockchain Document Transfer (BDT) was connected with the Port Community System (PCS) of India amid a push in the country for trade documents, including of bills of lading, to be digitized, WorldCargo News reported.

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BankInovation

JUNE 21, 2023

Grasshopper Bank integrated digital business solutions provider Numerated into the bank’s platform to automate document processing and streamline underwriting in a deal announced last week.

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Abrigo

AUGUST 4, 2016

By Lana Richards, Contributing Writer, Sageworks Documenting audit and review procedures often feels more like administrative than value-adding work. And some procedures—like analytics, for example—require more extensive documentation due to the amount of judgment applied in their selection, design and evaluation.

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BankInovation

MARCH 11, 2022

Document artificial intelligence (AI) technology company Base64.ai ai automates document identification, recognizing IDs, invoices, checks and forms in more than 60 languages. The platform leverages AI to translate any document into standard […]. ai last week raised $1.8 million in its first funding round.

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South State Correspondent

APRIL 20, 2016

One difference between a great commercial lender and an average commercial lender is the understanding of loan documents and insightful knowledge of key terms found in loan documents. Borrower’s and Lender’s Objectives

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The Paypers

OCTOBER 25, 2024

Finset , a car financing platform, has teamed up with identity verification provider ID-Pal to incorporate an AI document fraud detection feature, ID-Detect.

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Fraud 41

BankInovation

APRIL 29, 2022

London-based documents automation fintech Uhura Solutions has raised $1.8 Uhura Solutions offers a low-code solution for document and contract analysis, automating data analysis and classification, extraction, review and processing, according to a release. million in a seed funding round, the company announced Wednesday.

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BankInovation

NOVEMBER 17, 2022

Financial institutions looking to mitigate manual data entry and increase efficiencies are turning to automation for their document-heavy operations.

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BankInovation

MARCH 14, 2024

In the face of rising fraud, digital document collection and consumer transparency is a game-changing approach for lenders. Navigating the landscape of finance and technology requires innovation and a strategic vision addressing industry challenges. One example of these digital […]

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Fraud Examples Innovation Industry 59

The Financial Brand

SEPTEMBER 15, 2024

This article How Banks Improve Lending with Document Processing Automation appeared first on The Financial Brand. This article How Banks Improve Lending with Document Processing Automation appeared first on The Financial Brand.

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South State Correspondent

APRIL 26, 2016

In our previous blog ( HERE ), we considered the structure of commercial loan documentation and important objectives of certain agreements. Today, we cover some of the important provisions of the loan documents and explain some of the important cons

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PYMNTS

JANUARY 28, 2019

28) that it has acquired HelloSign , an easy-to-use eSignature and document workflow platform. We’re excited to share that Dropbox has signed an agreement to acquire HelloSign, an easy-to-use eSignature and document workflow platform that’s improved productivity and efficiency for over 80,000 customers.”

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Tools Mobile Company Technology 109

The Paypers

APRIL 5, 2024

Fintech startup Sikoia has rolled out AI-driven document processing, automating 75% of tasks in customer data verification.

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The Paypers

MARCH 7, 2024

Regula has announced the launch of new updates on its Document Reader SDK, in order to optimise ID fraud protection with improved liveness checks.

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Fraud 41

CFPB Monitor

JANUARY 26, 2023

Department of Housing and Urban Development (HUD) addressed the use of the revised Fannie Mae and Freddie Mac single-family loan documents with FHA Title II forward mortgage loans. In Mortgagee Letter 2023-01 , the U.S.

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Commercial Lending USA

FEBRUARY 6, 2024

Looking for commercial loans in the USA? Commercial Lending USA specializes in arranging commercial mortgages for businesses and commercial purposes nationwide. Get the funding you need today!

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Lending Resources 76

PYMNTS

NOVEMBER 18, 2020

Google wants the federal government to cough up the documents it used to draft its antitrust case against the $1 trillion search and tech behemoth, and to do so fast, Reuters reported. With Google scrambling to file a response to the government’s case by Dec.

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PYMNTS

MAY 18, 2018

Notarize, the notary public platform that allows for the remote notarization of documents online, said Thursday that it raised $20 million in a funding round that brings the tally of money raised, cumulatively, to $31 million. Documents are digitally signed by the notary using a special x.509

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Payments Source

JULY 22, 2020

TransUnion is expanding the geographic reach of its instant Document Verification service in response to the pandemic, with more users requiring ID confirmation from remote locations as fraud risks hit new highs.

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Jack Henry

JANUARY 30, 2024

Manual – it's a word that business owners and factors are attempting to erase not only from their businesses but also their lips! Manual efforts create human errors that cost time and money. For years, much of the financing industry has relied on manual methods, but as technology advances, so must the industry.

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The Paypers

JUNE 24, 2024

Italian API-based e-document management platform A-Cube API has entered a collaboration with Salt Edge to enable compliant document digitisation across Europe.

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Management 36

BankInovation

MARCH 3, 2021

When senior decision-makers are asked what they look for when evaluating document automation solutions, their answers tend to converge around three core questions: Can the offering solve my problem? How easy is it to use? Can we scale this solution to meet future needs? These are subjective questions that are hard to answer.

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Meeting 64