"We’ve trained 60 document types in 3 months - before Hyperscience this same result would have taken us years"
Inaccurate data can have devastating financial and legal ramifications within the financial services sector. Being able to automate document-based processes while maintaining the highest levels of accuracy is vital for compliance and better serving customers. Hear how a customer is transforming document processing with Hyperscience.
"We’ve trained 60 document types in 3 months - before Hyperscience this same result would have taken us years"
Inaccurate data can have devastating financial and legal ramifications within the financial services sector. Being able to automate document-based processes while maintaining the highest levels of accuracy is vital for compliance and better serving customers. Hear how a customer is transforming document processing with Hyperscience.
Mortgage Pre-Processing
Lenders prioritized front office innovation as a quick win to improve customer satisfaction and mitigate revenue loss, but this left underperforming back office processes and systems untouched.
The Hyperscience Platform offers a human-centered approach to automation that provides the highest levels of automation and data accuracy to help lenders control costs, keep up with demand, and streamline back office operations, resulting in faster mortgage application processing for your customers.
Learn moreAccount Opening
Currently, it can take between 20-90 days to onboard a new commercial bank client. The delay in account opening can mean $25,000 of lost revenue.
The Hyperscience Platform can speed the bank onboarding process while mitigating associated cost and risks, helping financial institutions meet regulatory standards without increasing headcount.
By switching to automation, a typical commercial bank would see around $100 million in one-time savings from automating onboarding tasks.
Watch demoAccount Servicing
Unpredictable influxes of new requests can inundate already overwhelmed employees and systems, extending time-to-decision.
The Hyperscience Platform quickly and accurately parses through the structured, semi-structured and unstructured document formats involved in typical account maintenance requests. Hyperscience can validate customer information against master data and confirm someone is an existing customer or that asset balances and account balances match.
Once the required information is extracted, Hyperscience can package and send it to specific teams, operating systems, or systems of record for decision-making.
TD Ameritrade Automates Manual Tasks to Focus on CX
See how TD Ameritrade is improving inbound mail processes with 98% automation and 99% accuracy
“From when we signed the agreement to when we started to see data flow through, it was a matter of 5-6 weeks.”
Sean Van Moorleghem, Managing Director, TD Ameritrade
Income Verification
See how Hyperscience transforms this manual and complex process into a fast, automated one —improving the accuracy and efficiency of the entire process.
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Account Opening
See how Hyperscience classifies, identifies, transcribes, and validates documents used to open an ISA account, including an application form, proof of address, and ID.
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Loan Application
See how the Hyperscience Platform automates the document verification element of the loan application process, improving the overall efficiency and accuracy of the process.
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