Outward remittance

What our customer encountered?

Lengthy outward remittance processing due to delays caused by manual data entry and scrutiny.

  • Lengthy processing time due to paperwork and manual data entry
  • Took up to 50 minutes to complete each transaction.
  • Tedious and time-consuming scrutiny and verification processes

The challenges resulted in:

  • Delays in completing transactions.
  • Higher chances of errors
  • Inefficiency and reduced productivity

What our customer needed?

Implementation of automated and streamlined outward remittance processes to significantly reduce processing time and enhance operational efficiency.

The Solution

The bank introduced Marvel.ai, an AI-based intelligent document processor into its outward remittance process.

Marvel utilizes advanced technologies such as artificial intelligence (AI) and machine learning (ML) to enable automated data extraction, intelligent data validation, and efficient transaction processing.

What we delivered?


Enabled easy extraction, analysis, and transformation of unstructured data from various documents.


Over 95% of OCR accuracy.


Eliminated the need for the maker process.


Easy accessibility of structured data for scrutiny and verification.


Offered insights and suggestions during the scrutiny process.

Benefits to the customers


Dramatic reduction in transaction processing time from 50 minutes to just 5 minutes 


Complete elimination of the manual maker process 

>95% accuracy ensured, this made the scrutiny and verification process easy 


Multiple integration options ensure process continuity.

< 3 months immediate return on investment guaranteed 

< 4 weeks for implementation, enables fast and efficient deployment. 

Other Case Studies

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Marvel.ai: Revolutionizing document form processing with enhanced accuracy and efficiency 
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