Tue, Feb 28, 2023: Two persistent problems in securing commercial loan documents
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Lenders use AIO to complete document checklists enabling a smooth, transparent, frictionless experience for borrowers.
FinTechs and Lenders use AIO’s API to instantly validate and extract data from documents to avoid frustration in the lending experience
Use AIO to create complete loan application packages and submit them instantly to their providers.
It's designed to extract and classify data to turn it into actionable information, understand what data is missing according to workflows, and optimize processes, all without human intervention. AIO's unique architecture enables users to control their financial data on their own storage creating a distributed architecture.
This architecture removes friction by enabling reuse of the data in the most secure and private method in the market.The platform facilitates direct communication between customers and financial institutions, eliminates the challenges of dispersed data sources, and unlocks the data contained in documents.
Real-time FeedbackDocument Classification
AIO Capture sends smart checklists of required documents to the borrower and broker. It reads, splits, and classifies the uploaded documents in real time, providing immediate feedback to the borrower regarding the quality, completeness, and accuracy of the submitted document set.
Efficient and Accurate Data Validation:
AIO Validate reduces manual work time by up to 67% by leveraging ABL industry knowledge for data checks and cross-references. The system constructs and organizes data, identifies errors and potential fraud, and automates the entire data validation and verification process.
Quick Data Analysis for Decision Support:
AIO Analyze leverages the validated data to analyze loan requests and complete loan dossiers, providing fast screening and decision-support for underwriting. It includes key ratios, indicators, entity relationships, and insights. The intuitive interface allows for ad-hoc addition of ratios, formulas, and new information requests.
Streamlines loan portfolio servicing with automated ticklers, reminders, customizable checklists, and compliance reporting.
General Manager,
BTB
Director, Commercial Lending Ops,
FirstTech
Global Head of Identity,
Santander
Customer data is constantly in flux, often collected without true consent and handled without care. To validate customer profiles, we used to rely on purchasing static and unreliable self-reported or second and third-party data, which fail to tell an updated and comprehensive picture even as multiple feeds are pieced together.
With that in mind, we set out to design a better system by reimagining how people's financial identities are built, shared, maintained, and verified. Today, AIO's solution creates a seamless process for financial institutions by enabling them to untangle even the most complex business entities while giving businesses complete control over the data they share.
Powering Lending
with AI
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