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Financial Services

North American Financial Services Company.

Retrieving information from archived account opening forms ahead of compliance deadline.

Goals

  • Rapidly and accurately extract data in a one-time compliance exercise
  • Avoid costly regulatory fines and reputational risk
  • Extract more complete data set for analytics
  • Manage costs

Challenge

  • Data was locked in over 1 million unlabeled files; some had relevant information, others didn't; many forms were handwritten, others were faxed
  • Existing OCR teams couldn't even attempt to tackle the problem
  • Hiring and training a team to do manual data entry in a short period of time

Client Profile

Investment Services

Over $1 Trillion in AUM

10,000+ Employees

Why HYPERSCIENCE?

These are the reasons why the client decided to partner with HyperScience:

Advanced handwriting and printed text transcription and extraction on low-quality documents

High rates of automation at compliance-level accuracy

Pre-trained machine learning meant rapid deployment and ROI

Results

Enabled analytics on data-keyer accuracy and insights for productivity gains in less than one week Stopped hiring in its tracks: avoided the need to hire additional data-keyers 60 processingspeed fewerdata keyers increase in throughput 2X = 50% 4X Deployed on-premise and started to use in less than 4 weeks
60 Stopped hiring in its tracks: avoided the need to hire additional data-keyers Enabled analytics on data-keyer accuracy and insights for productivity gains in less than one week Deployed on-premise and started to use in less than 4 weeks 2X 50% processingspeed fewerdata keyers increase in throughput = 4X

I'm really impressed... You can have good technologies but if you can't implement it easily and the teams can't relate it doesn't matter. The implementation has been fast and seamless.

Director, Operations

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