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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. IDP is a technology that uses artificial intelligence and machine learning to automate the extraction of data from documents. This saves time and reduces the risk of errors when entering data manually.

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

Lightico

The traditional approach involves cumbersome paperwork, manual data entry, and extensive manual review processes. OCR enables the conversion of physical or scanned loan documents into machine-readable text, facilitating automated data extraction.

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The UK Car Finance Mis-selling Scandal & How IDP Can Help

Lightico

Technological Solutions: Implementing technological solutions can significantly reduce the risk of future mis-selling. This technology ensures accuracy and streamlines workflows, reducing human error and the potential for missed inconsistencies. This streamlines the signing process and eliminates the need for physical paperwork.

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

Transcosmos

This makes it important for companies to recognize which trends can help them meet the business goals of their organization and their clients, with focus on technology, value, and methodologies. This is possible thanks to technologies becoming more sophisticated, freeing human workers from menial jobs to attend to more complex tasks.