Manual processing of intricate documents results in delays and bottleneck
Automated document processing system to streamline the bank guarantee vetting, enhance workflow, and ensure compliance.
The bank adopted Marvel.ai, a cloud-native, AI-first business transformation engine, to revamp its bank guarantee vetting process.
Marvel validated complex documents in real time, flagged potential compliance issues, and coordinated approvals seamlessly across teams. This intelligence reduced bottlenecks, accelerated decision-making, and delivered a smoother, error-resistant vetting experience for both the bank and its customers.
High accuracy and high-speed precise parsing of information from intricate documents.
Detection of inconsistencies and errors in extracted data, with flags for manual review.
Identification of atypical patterns and fraudulent content in documents.
Scalable solution for processing a large volume of documents and prioritizing urgent requests.
Drastic reduction in document processing time
Document processing time reduced from 4 hours to 5-6 seconds and a maximum of 30 seconds.
Provides insights for maker and checker to improve decision-making.
>95% Data accuracy.
Capable of processing a large volume of data within a minute.
Reduced TAT and operational cost
Improved compliance
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