Challenge

Solution

How Dolphin.ai helped?

The bank introduced Dolphin.ai into its outward remittance process, where the intelligent document data processor system:

• Extracts, analyses, and transforms unstructured data from request letters, A2 forms, and Form 15B & C documents using AI and ML algorithms with an OCR accuracy of more than 95%.
• Completely eliminates the need for the maker process, and the structured data extracted from the documents is made easily accessible and ready to use for the scrutiny and verification process.
• Provides insights and suggestions for the scrutiny process, improving accuracy, and reducing the overall processing time.

Outcome

• Dramatic reduction in transaction processing time from 50 minutes to just 5 minutes
• Complete elimination of the manual maker process
• Scrutiny and verification process made easy with >95% accuracy
• Multiple integration options ensure process continuity
• Immediate return of investment typically <3 months
• Implementation takes <4 weeks, enabling fast and efficient deployment