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The 3% OCR Accuracy Gap

man sitting in front of a laptop while using one hand to hold a pad of paper and the other to frustratingly hold his head

OCR technology has the potential to revolutionize the way enterprises process documents. However, without data validation technology, the full benefits of OCR cannot be realized. Data validation enhances the accuracy, reliability, and efficiency of OCR systems, making them truly effective for enterprise use. By investing in robust data validation solutions, enterprises can unlock the full potential of their OCR systems, ensuring accurate data extraction, compliance with regulations, and improved operational efficiency.

What is Fuzzy Matching?

fuzzy matching vs entity matching

Fuzzy matching is an advanced technique to link data points that are connected in real life. Enterprises use fuzzy matching to speed up data comparison and standardization. When combined with a robust data validation process, fuzzy matching helps improve overall data health.

Generating Value from Generative AI

Generative AI will heavily influence the value of information services companies in the next half decade, according to a report by Morgan Stanley.

Document Validation for FinServ Risk Management

document validation

The financial services sector is increasingly recognizing the importance of data quality for risk identification and compliance management. Deloitte listed the major challenges facing QA teams in the financial sector, recommending that using automation to assist in quality control processes “can enable better controls over completeness and timely resolution.”

Data Observability for the C-Suite

data observability for the c suite

Leaders eying artificial intelligence must improve their data health first. For the CXOs, the priority is running a tight operation that can pivot faster and outmaneuver the competition.

Data Observability for Financial Services

man sitting at a desk observing data graphs on four desktop screens

Exabytes of data flow through financial services systems every day. The rise in mobile banking, open financial data, and artificial intelligence has created increasingly complex webs of pipelines and other tools. And as the volume of data in the industry grows, companies are working to strengthen their observability capabilities.

Data Observability for Operations

In industries like financial services, which handle massive volumes of personally identifiable information, the ability to answer questions about data and quickly address data issues can impact customer satisfaction, compliance status, and the sophistication of digital products. However, most data observability and data monitoring solutions are too technical for operations teams to use effectively.

Key Terms in Data Observability

If your job involves working with IT and operations teams to answer questions about your company’s data, then you’ve likely come across a glossary of terms like “data quality,” “data monitoring,” and “data governance.”

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Terms & Conditions

24 Hour Loan Due Diligence Guarantee

Guarantee Offer:
We guarantee a 24-hour turnaround time for performing a standardized diligence checklist and providing a certification for eligible loans. If we fail to meet this commitment, we will provide a credit for the affected loan on the client’s next loan submission. This guarantee timeline does not apply to exception resolution and subsequent reruns of loans.

Conditions & Exclusions:

This guarantee applies under the following conditions:

  1. Cutoff Times & Business Days:
    1. The 24-hour period begins from the time of submission, provided it occurs before the daily cutoff time as defined in the contract.
    2. 2.Submissions received after the cutoff time will be treated as received on the next business day, and the 24-hour period will begin from that point.
  2. Force Majeure & System Outages:
    1. This guarantee does not apply in the event of Microsoft Azure outages, broader cloud service disruptions, or any force majeure events beyond our control.
  3. Third-Party Dependencies:
    1. If document scans, data files, third party reports or other required materials are delayed due to our provider or an integration partner, the 24-hour clock will not begin until all necessary documents and data are received.
  4. Volume Spikes:
    1. If loan volume exceeds 30% of the rolling 30-day average, we reserve the right to temporarily suspend the 24-hour guarantee until processing volumes return to normal or are reflective of the new increased average.
  5. Exclusions & Modifications:
    1. We reserve the right to modify or suspend this guarantee at our discretion in the event of circumstances beyond our reasonable control.
    2. The credit applies only to the next loan submitted by the client and has no cash value.

By submitting a loan for diligence under this guarantee, the client acknowledges and agrees to these terms.