After years of working on document processing projects in the FS industry, it is time to share our key insights with you.
Is this webinar for me?
Whether you’re working in banking or insurance, intelligent document processing (and straight through processing (STP)) will make both your employees’ and customers’ lives easier. On top of that, IDP offers a clear, short-term ROI for you as a business expert or IT manager.
In this Intelligent Document Processing (IDP) webinar you’ll gain tangible insights into:
- What is Artificial Intelligence & Machine Learning: How is the Financial Industry dealing with this ‘new’ technology
- The core technology principles of Intelligent Document Processing (IDP): What is the difference between Artificial Intelligence (AI), Natural Language Processing (NLP), Traditional Template-based solutions and Optical Character Recognition (OCR).
- Why is IDP the ‘low hanging AI fruit’ for FSI and what are the concrete use cases?
- Finally, we’ll showcase a live demo of Metamaze on financial documents!
Artificial intelligence (AI) and related technologies are rapidly making inroads into the financial services industry (FSI). Operating in an interconnected digital world, in which money moves instantly, and faced with increasingly stringent regulations, financial institutions (FIs) are turning to AI to help transform their operations and meet the ever-changing customer expectations. In the meantime, AI has surpassed the R&D and innovation phase to become a competitive differentiator in financial services — delivering a hyper-personalized customer experience, improving decision-making and boosting operational efficiency.
Two out of three of these executives said that AI is extremely or very important to their organizations’ success and will have a bigger impact than the internet had in the early 2000s. However, only 46% of these executives declared to have become sponsor of upcoming projects or initiatives, and only 29% of this group were aware of fully implemented projects. For most FIs, the majority of AI initiatives are pilot projects or in the proof-of-concept stage. Organizations deciding not to adopt AI risk becoming obsolete in the long term. More than 80% of FSI executives are convinced that the great advantage of applying AI lies mainly in increased efficiency and reduced costs.
A good example of such an AI case is intelligent document processing. Whether it’s the credit department in a retail bank, the new issues department for global custodians or the claims department of insurance companies, they all have something in common: managing huge amounts of unstructured documents and emails that still require the human eye to process and interpret the materials for further handling. By applying natural language processing techniques it is. possible to automate the interpretation of the human language even for unstructured text sources.
If you work in banking or insurance and have large incoming document flows, this webinar is for you!