Smart OCR – AI based Identify Risk & Reward for a large Swiss bank

Smart OCR – AI based Identify Risk & Reward for a large Swiss bank

Problem

Wealth Management institution wanted to scan billions of documents for identifying sensitive information in them. They faced compliance and security risk as not much information is available about this dark data.

Solution

Audax Labs developed an on-prem OCR solution (leveraging Machine Learning and Computer Vision) and integrated the same with a content intelligence solution for identifying sensitive information from images and .pdf objects. OCR reduce regulatory risks as it processes scanned images and pdf files to text. Customer’s content intelligence solution is integrated with OCR solution to process data for scanned images. OCR plug-in supports following file format(s): PDF, BMP, JPEG, TIFF, GIF, and PNGs

BENEFITS

  • Data discovery and Compliance
  • Data security
  • Cost saving due to:
    • Saving in storage cost
    • Maintenance efforts

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