The baseline for business
Let's explore how a financial services firm uses its data foundation to power artificial intelligence for accelerated credit decisions.
With operations across 35 countries, the firm needed to manage and extract data quickly from more than 45,000 accounts in different formats and languages while adhering to regulatory requirements for each region.
By establishing a data foundation, our team could use natural language processing and computational linguistics to handle and automate data processing across multiple locations and formats.
Here, our industry and business knowledge proved essential in creating a data foundation that could sensitively process information from public and private companies. We also built a big data library for better auditability and risk management.
With our support, the firm automated 80% of its financial statement processing, freeing employees to focus on more strategic credit decisions. As a result, application-to-funding cycle times decreased from eight days to 48 hours, and customer satisfaction improved. The firm also expedited its on-time credit decisions with an AI-powered financial spreading solution.