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How the partnership between BSI and Parashift provides financial institutions with a high performance automation solution for the mortgage process.
Intelligent Document Processing (IDP) for financial institutions
The financial institutions sector faces an enormous task of processing a high volume of information each year, given the hundreds of document types involved. This task is particularly challenging for mortgage files, which encompass a wide range of document types with varying layouts, including structured, semi-structured, and completely unstructured forms, making seamless processing a difficult endeavor.
By integrating Parashift's AI technology with BSI's solutions, financial institutions can process hundreds of complex and unstructured documents with great efficiency in the shortest possible time.
Download your exclusive copy of the case study today and learn how financial institutions leverage IDP
Why Parashift?
According to Microsoft, more than 500 billion documents are generated worldwide every year by Office applications alone. That’s a lot of information that can still be read and interpreted by employees but can hardly be used for automatic processing and process control.
The result is media disruptions that induce unnecessary inefficiencies in processes. With Parashift, we offer you a solution for integrating documents cost-effectively into IT applications and workflows.
With the Parashift Platform, companies can easily read out their documents – no matter how many or what type of document they are.
The data obtained can then be used to make the company’s own processes more efficient or to support completely new digital business models.