Wire Transfer Authorization
To enable transfers between bank and investment accounts, clients are required to submit a form along with a bank-issued backup document, e.g., voided checks. Once submitted, the form and backup document are reviewed by the operations team to determine whether the form is in good order. The process involves high variability and unstructured data, and therefore, is manual and error-prone.
WorkFusion can automate this data verification process, leveraging AutoML and learning bots to automate the extraction of key data elements from voided checks, regardless of format. Production-level results are achieved in only one week, using 400 examples of work.