Question: Do you know of a platform that can automate document processing for banks and insurance companies, making due diligence easier?

If you're looking for a platform to automate document processing for banks and insurance companies, Novo AI is a strong contender. It uses generative AI to process text documents like policy documents and claims files, offering features such as data extraction, automated claims processing, and pricing strategy optimization. This can significantly increase operational efficiency and accuracy in claims processing and customer support.

Another excellent option is Ocrolus, a Document AI platform that specializes in classifying, extracting, detecting, and analyzing financial documents with high accuracy. It automates document analysis to help lenders assess risk and prevent fraud, making it particularly suitable for industries like mortgage, auto lending, and equipment leasing. It can handle a wide variety of document types and provides a comprehensive audit trail, ensuring data security.

ABBYY also stands out as a digital transformation platform that uses AI, NLP, and OCR to automate business processes through intelligent document processing and data extraction. It supports various document formats and languages, making it versatile for industries such as accounts payable and customer onboarding. With high capture accuracy and low-code/no-code platform, ABBYY can save significant time and effort in document-centric processes.

For a more comprehensive intelligent automation platform, Ushur might be the right choice. It offers a unified system for managing customer interactions and automating complex processes, including intelligent document automation. Ushur is designed for high-touch industries like insurance and banking, and provides strong security and compliance features, aiming to increase customer satisfaction and lower operational costs.