A regional bank uses Aicadium’s NLP-powered report examiner solution to automate information parsing workflows
A major regional bank wanted to leverage technology to extract relevant information from the annual reports submitted to them by the stock exchanges. The process was extremely manual and extensively time consuming for the organisation.
The bank uses Aicadium’s Examining Annual Reports solution to extract relevant information about companies of interest. Names are extracted from reports and financial statements using NLP for entity recognition. The bankers are able to view filtered results on their dashboards without having to manually check against multiple documents to extract information.
This NLP-based solution has completely automated a previously entirely manual process for the bank, having dramatic impacts on efficiency, manpower resource from manual data collection, and cost.