FWS Provided Automated Data Extraction to a Leading Indian Bank

Case Study on Automated Data Extraction for Indian Bank

The Client

The client, a leading bank in India sought help with scanning and processing of their client's bank statements. They had contacted Flatworld Solutions to carry out the project because we had the right qualification and expertise to economically implement a dependable solution.

Client Requirements and Challenges

Client Requirements - The client had carefully evaluated several success-stories and decided that we had the right qualifications to undertake the project. Our team had to manually verify the scanned bank statements furnished by prospective customers as part of the regulatory requirement. The acquired data had to be entered in a pre-defined spreadsheet template.

The challenge - The time taken for processing 30-14 pager document was close to 8 to 9 hours. The existing process did not involve analytics or dashboard generation.

FWS' Solution

Flatworld Solutions being an expert at solving Big Data challenges analyzed client's requirement and challenge in depth to get a clear definition of the problem. Our experts who carried many years of experience was assigned the task develop a Big Data platform-based solution for this customer. We automated the entire process which involved scanning texts and amounts from e-statements, pdf-documents, as well as other financial documents.

The Results

The application could generate comprehensive outputs in MS Excel spreadsheet and summary workbook format for precisely assessing the credit-worthiness. The client felt elated with the results and even considered outsourcing future projects to us.

Partner with Flatworld Solutions - Leader in Big Data Lakes Solutions & Consulting

With 12 years of rich experience in data science services, Flatworld Solutions has been the go-to partner for many small, mid, and large-sized companies. We have gained recognition for not just providing Big Data services that are highly relevant and accurate, but also better client experience which is considered by many as industry's best. Our Big Data Lakes Solutions & Consulting is a service that is already familiar to several fortunes 1000 companies who still stand by us due to the successful outcome. Big Data solutions is a key part of our offerings and we use several sophisticated tools to accomplish the objective with precision and in a cost-effective manner.

If you want to outsource your data science-related projects, contact us so that we can engineer a customized solution that fits your budget.

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