Streamlining
Application Processing
Application Data Verification
Processing applications involves meticulous verification of the details provided. Most organisations resort to manually extracting and cross referencing the data from the different documents provided, which can be labour-intensive, susceptible to inaccuracies, and may result in delays in decision-making.
IDP can streamline the assessment process through automating the data extraction and comparison process.
How IDP Works
Simplifying Data Processing
Automated Data Extraction
IDP captures data from various supporting documents, eliminating manual effort and reducing processing time.
Data Validation
Our solution verifies and cross-references information across documents, ensuring data consistency and integrity.
Seamless Integration
IDP can be standalone or can integrate with your existing systems to further optimize workflow and boost efficiency.
Time Efficiency
IDP accelerates the verification process, enabling quicker decision-making.
Error Reduction
Precise data extraction minimizes mistakes, bolstering decision-making confidence.
Enhanced Customer Experience
Streamlined application processing improves customer satisfaction.
Example: Mortgage Application
A Journey to Precision and Clarity
Processing mortgage applications involves thorough income verification, which often requires comparing information from payslips, annual salary returns, employer’s salary certs and bank statements.
Watch our video of IDP extracting and reconciling the relevant information from photos and scans taken by a customer of 3 recent payslips, 6 months bank statements, salary cert and previous years EDS (annual salary return).
Unlock the Future of Application Processing
Discover the transformative potential of our AI platform for processing application.
Request a demo