AI Use Case

Automate and simplify ID process involved in Know Your Customer (KYC) process for banks

Automate and simplify data identification, aggregation, extraction, verification and capture involved in KYC (Know Your Customer) process for banks.

Function

Benefits

Revenue - Sales effectiveness improvement,Revenue - Customer experience,Cost - Staff efficiency

Case Studies

Pockit~Pockit increases customer conversions by 15% using automated identity verification from Onfido,HSBC~HSBC tests automated information extraction system for global trade contracts,Commerzbank~Commerzbank plans to automate 80% of pre-compliance checks for trade finance transactions using machine learning

Industry

Financial Services

Banking

Data Sets

Structured / Semi-structured

AI Technologies

Product Type - Vision - Face Compare,Product Type - Vision - Face Identification,ML Task - Prediction - Regression,ML Task - Prediction - Binary Classification,Machine Learning (ML)

Potential Vendors

IBM,Conpend