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Banking
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Banking Services Transformation: Unlocking Exponential Value
TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
Related Insights
In response to anticipated regulatory changes, FIs must reevaluate their risk management frameworks to address growing threats and stay resilient. Learn more.
Article
16 May 2025
For successful AI adoption, banks must prioritize workforce reskilling, people and culture, and collaboration while navigating GDPR and EU AI Act. Learn more.
Blog
14 May 2025
Meet us at the AWS Financial Services Symposium to hear our clients’ transformational stories and how we help them embark on their cloud transformation journey.
Events
15 May 2025
Automated document processing and data extraction
CHALLENGE
The increasing availability of data and information storage requirements call for the digitization of information to increase document processing speed and enhance data extraction. The increasing use of paper artifacts has resulted in the rise of manual effort for information processing, adding overheads of execution time to the transaction under process. Iterative exchange of information and the validation of its adequacy and accuracy adds further risks in terms of cost and delay.
TCS SOLUTION
TCS Intelligent Digital Extraction Suite (TIDES) leverages a hybrid approach to automate document processing and information extraction from documents. The solution harnesses cognitive abilities such as natural language processing, machine learning and computer vision in conjunction with OCR technology to make document processing and data extraction more efficient. It offers the following features:
- Image pre-processing: Remove noise on images via OCR technology.
- Document classification: Identify the document type automatically.
- Information extraction: Extract information from structured and unstructured texts automatically.
- Container-based technology: Deploy on Docker Swarm environment and acquire scalability of resources.
- Data and document comparison: Leverage fuzzy matching and Regex algorithm to compare extracted information and documents.
- Photo and signature verification: prevent security breaches via automatic verification.
TCS Intelligent Digital Extraction Suite leverages a hybrid approach to automate document processing and information extraction from documents.
BENEFITS
- The solution provides the following benefits to organizations:
- Increase processing speed to retrieve information and compare extracted information
- Leverage a hybrid approach to extract information from structured and unstructured data
- Reduce cost of operation by reducing manual intervention
- Achieve higher confidence score with accuracy rate of >92%, data capture rate of >85%
- Reduce the risk of document errors or regulatory breaches
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