Bank check data extraction

Secure, fast, accurate, & reliable data capture from bank checks

Capturing information from bank checks manually is overwhelming. Instead, use Docsumo's intelligent data automation to get accurate data for analytics and decision making in seconds.

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"Docsumo's onboarding process is so smooth - allowed us to design and test a new process under extreme time constraints. We provided checks and remittances samples, and the team just built the model."

Dawn Williams- CFO | Pro-Sweep

Pre-Trained Check processing model

Get readymade model to process bank checks

Be it digital or handwriten bank checks, process them instantly with pre-trained API. Ingest them from email inboxes, scanners or other document management systems into Docsumo automatically.

Automated Bank Statement Processing for Loan Approvals

Analytics made easy

Get key information from bank checks for smoother analytics

Parse crucial information to review, verify, and validate. Cross-validate captured information against bank statements. Extract remittance details from images, emails, PDFs and match them against payments.

Automatic Transaction Categorization with Artificial Intelligence

5 Reasons to get the Docsumo Advantage Now!

<60sec

Reduce turnaround time for document processing from days and months to seconds

10x

Increase efficiency by 10X even as you process 10k+ documents a month

99% plus

Reduce manual and repetitive errors with intelligent automation and get accurate data from documents

Smart AI

Algorithms that self-learn based on new document formats and on the go or from manual corrections

Analytics

Make rapid decisions with easy validation and granular analytics

Automated financial data extraction

Capture printed, handwritten, & MICR data from checks

Docsumo's intelligent algorithms can capture printed/handwritten/MICR data with 99%+ accuracy. With 95% straight through processing, Docsumo ensures no human intervention required for data capture 95 out of 100 times.

Easy integration

Integrate JSON/CSV/Excel data into financial software

Convert scanned/non-scanned bank checks into Excel spreadsheets for faster analysis. Integrate them with your existing financial software to make faster decisions.

Automatically Export Bank Statements to Financial Softwares

Turn your bank checks into a pool of actionable insights

Gain 100% visibility into applicant's crucial details instantly with our AI-based data processing.

Personal information

First Name

Middle Name

Last Name

Suffix

General information

Organization Name

Phone Number

Address

Amount

MICR Line

Check Number

Account Number

Routing Number

Bank statement automation case study

Learn how PaySense processed bank statements in <30 seconds

The Situation

PaySense, a multinational fintech company, processes 100,000 loan applications a month. As part of customer onboarding, the client had to examine bank statements (amongst other documents) from 100+ banks in 1,000 formats. As a result, processing each application manually would take 24 to 48 hours.

Solution

Our Document AI platform recognized document types (passport vs bank statement) based on image characteristics and send to respective API. We helped them categorize bank transaction data to figure out gross incomes, average monthly balances etc. for underwriting loans.

<30sec

Reduced processing time of unstructured data to <30 seconds

95%+

Touchless processing using smart validation rules

70%+

Processing cost reduced by automating workflow end to end

Ready to automate your data extraction?

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Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately.
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