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PayU Automates Data Capture From 100k+ Monthly Loan Applications with 97% Accuracy
Explore how this multinational fintech company processes over 100k loan applications monthly for income and identity verification to serve millions of customers across 20 countries.
Impact Achieved
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“We are using Docsumo’s APIs for automating data capture from bank statements and identity cards while on-boarding customers. It has reduced the time our operations team spends on data entry significantly while providing a much better customer experience.”
What You’ll Find in the eBook
2-Fold Challenges
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A team of 500+ underwriters manually processed 100,000+ applications monthly
The time taken to scan through 100+ different bank statement templates was 45-60 minutes
What They Achieved with Document AI
API-based direct integration automatically ingests bank statements, checks, passport, driving license, voter ID, and national ID (Aadhaar)
A rule-based engine applies contextual data validation and correction algorithms on extracted data
How Docsumo Works
Realize how Document AI fast-tracks loan application processing for PayU with If-Else logic to calculate key attributes for underwriting
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