BANKING & FINANCE
We help banks and financial institutions to improve stakeholder satisfaction by speeding up the processing of the documents necessary for the fulfillment of the main contract obligations thanks to innovative artificial intelligence and machine learning technologies.
A series of use cases has been developed to automate the processes of scanning, rendering, extraction and distribution of all documents required by bank and financial institution agreements, allowing us to make document processing more efficient and offer a significant reduction in operating costs for our customers.
Identity Documents
Circular streamlines the process of compiling master data by automatically reconciling and classifying documents and then quickly extracting the data necessary for management process of the main contracts with fast and secure transactions. In particular, Circular is able to automatically recognize and index the following identity documents:
- Electronic Driving Licenses
- Health Insurance Cards
- Electronic Identity Cards
- Paper-format Identity Cards
- Passports
Certified and Regular E-Mail Management of Financial Processes
It is now routine to use certified and regular e-mail channels for the management processes of most financial agreements. The management of documents received through these channels entails a series of important complex issues that are almost always handled by operators.
Using sophisticated semantic recognition technologies, Circular makes it possible to efficiently manage certified and regular e-mail channels, by automating the 5 phases of the process:
- Data ingestion of certified and regular e-mail content and attachments
- Normalization of content in PDF format
- Automatic classification
- Automatic indexing
- Addressing
Paychecks
All the approval processes for the granting of loans and mortgages depend on the proper assessment of the applicants’ paychecks. Circular provides automatic and accurate extraction of all the necessary data thus allowing much faster completion of the procedures.
Tax Certification, Tax Return Form, Financial Statements
All the approval processes for the granting of loans and mortgages depend on the proper assessment of the applicants’ tax returns. Circular provides automatic extraction and extremely accurate processing of all the necessary data, thereby allowing faster closing times for procedures.
Bank Statements
Bank statements are essential for many banking and financial processes. The fact that numerous formats exist often makes it necessary to process them by hand, which leads to delays and higher costs.
Circular provides automation for all of the acquisition and processing required by these documents, significantly reducing operating times.
F24 Tax Forms
The data reported on the F24 are relied on greatly when evaluating requests for mortgages and loans, yet processing them is not always easy. Circular brings a lot of automation to the process and, through the use of sophisticated artificial intelligence technologies, ensures extremely accurate data processing.
Detection of Signatures and Check Marks
Validation of a contract, form, or a consent for the processing of data, requires checking that a signature has been placed in the space provided and that a check mark has been placed in the appropriate box. Currently, these processes often entail a bottleneck because they are managed by operators. Circular speeds up validation processes by automating verification of the correct parameters and ensuring extremely accurate results.
REQUEST A DEMO
Find out how Circular can help your company be more efficient in managing banking and finance contracts.