Lost track of data during bank statement analysis due to extreme effort and manual revisions.
An automated and streamlined approach for quick bank statement analysis that saves time, streamlines tasks, and provides accurate data collection.
The bank implemented Marvel.ai, an AI-first, cloud-native business transformation engine, to modernize its bank statement processing.
Marvel applied advanced AI and machine learning to intelligently validate transactions, flag inconsistencies, and automate compliance checks. By orchestrating workflows across teams and providing real-time insights, it reduced manual effort, minimized errors, and accelerated decision-making, ensuring that the bank could meet all regulatory and operational requirements efficiently.
Easy and accurate extraction of data from infinite pages of bank statements
Prompt decision-making based on extracted data from bank statements.
Timely performance reporting
Prevented data quality breaches during data transfer by tracking and automatically updating all revisions.
15x faster data extraction speeds up the process, resulting in reduced TAT.
Automated manual tasks, allows auditors to focus more on analysis.
90% increased data accuracy
80% improved data quality
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