article thumbnail

Harnessing the Power of AI in Lending: Leveraging Artificial Intelligence to Revolutionize Loan Originations Servicing and Document Management

Lightico

Artificial intelligence (AI) has revolutionized various industries, including financial services and lending. The traditional approach involves cumbersome paperwork, manual data entry, and extensive manual review processes.

article thumbnail

Intelligent Document Processing: Fueling Efficiency and Growth

Lightico

Data needs to be processed quickly and accurately, especially when it is ingested by paper or digital documents. This is where Intelligent Document Processing (IDP) comes in. IDP is a technology that uses artificial intelligence and machine learning to automate the extraction of data from documents.

article thumbnail

4 Outsourcing Trends That Will Impact Businesses in 2019 (Infographic)

Transcosmos

As the name implies, robotic process automation (RPA) is a technology that deploys bots with artificial intelligence and machine learning capabilities to perform recurring tasks through automation. RPA is also ideal for high-volume tasks , such as data entry involving financial transactions.