Some details
About company
An international banking group, the world',s 8th largest bank by total assets, which currently operates in 77 countries.
Challenge
The customer needed a solution for legislation changes monitoring, which should be universal and user-configurable to be equally successful in countries with different legislation, mindsets, and living
standards.Solutions
- an application with AI and ML components, which is able to process all incoming documents at a fast speed,
- an ETL module to instantly load provisions to the system, and the implemented algorithms automatically recognize useful information.
- a special computational platform in order to calculate and monitor dependencies, risks, etc.,
- electronic document flow, business-processes modeling and managing of them, management and synchronization of data.
Results
- toxic assets share is decreased by 7.3%,
- ROI of the project is estimated at 124%,
- the application is able to process a document of 500 pages within 2 minutes, while a person would spend no less than a week.