Business Challenges
Document Data extraction is a critical task for businesses in the Finance, Insurance, and Banking (FIB) industry. These sectors deal with a vast amount of paperwork, including contracts, invoices, statements, and applications. Automating this process significantly improves efficiency, reduces errors, and streamlines operations.
Traditionally, FIB companies use manual data entry or OCR technology for data extraction. However, these methods have limitations, such as human errors and scalability issues. Errors in manual data entry and OCR technology encompass human-made mistakes such as typos and misinterpretation, along with OCR’s inaccuracies in recognizing specific fonts, languages, or inadequately scanned documents.
Imagine having an assistant that can effortlessly analyze a multitude of documents, from complex contracts to handwritten forms, with the precision and speed of a seasoned professional. AI vision does exactly that and more. It doesn’t merely scan documents; it comprehends them, extracting vital data with remarkable accuracy and efficiency.
This transformative technology streamlines compliance, detects fraud, enhances customer service, and empowers data-driven decision-making, ultimately reshaping the FIB landscape for a smarter, more secure, and customer-centric future.
AI Solution
Our solutions harness the latest technological advancements, leveraging cloud-based AI services such as AWS Textract or Azure Form Recognizers. Our offerings boast the following capabilities:
- Precise Data Extraction: Whether dealing with printed text, handwritten notes, or text embedded within images, our system excels in extracting data with unparalleled accuracy.
- Multilingual Proficiency: Our solution seamlessly handles multiple natural languages, ensuring comprehensive coverage across diverse linguistic landscapes.
- Efficient Key Data Extraction: Key data fields are swiftly and meticulously extracted from a myriad of forms and tables, often within mere minutes.
- Scalability: Our system effortlessly adapts to accommodate varying volumes of processing documents, providing flexibility to organizations as their needs evolve.
- Structured Database Integration: Documents are seamlessly categorized and indexed within structured databases, empowering semantic search capabilities.
Through these solutions, we empower organizations across a spectrum of industries to overcome the challenges posed by document data extraction. The result is heightened efficiency, accuracy, and an enhanced capacity for knowledge management.
Expected Outcome
In the FIB sector, data and document storage pose challenges due to errors in manual data entry and OCR technology. These errors, including typos and misinterpretations, as well as OCR’s struggles with fonts and languages, are being addressed through AI Vision Data Extraction.
Our advanced document data extraction solutions go beyond giving you an advantage; they deliver transformation. Expect enhanced operational efficiency, precise data handling, improved knowledge management, scalability to meet growing demands, and a fortified competitive position. When you seamlessly integrate our solutions, you not only attain operational excellence but also navigate the data-driven landscape with smoother workflows and a significant competitive edge. It’s not merely progress; it’s a giant leap toward excellence in the FIB industry.
Our Team Members
AI TRANSFORMATION LEAD
Dr. Mikhail Krasnov
Based in Switzerland, Mikhail is an esteemed leader with a Ph.D. in Economics and recognized as a Certified Director by the London Institute of Directors. With a 30-year tenure in the IT sector, he co-founded Verysell Group in 1990 and now drives strategy and innovation across the entire organization. He staunchly believes that AI should be a catalyst for all businesses, not a threat, enhancing and transforming companies. To him, AI is a powerful tool for businesses to harness for their advantage.
Head of Applied AI Lab
Yurii Lozinskyi
Based in England, Yurii is the driving force behind Verysell Applied AI Lab. With 25 years of experience in Healthcare, Insurance, and Finance, he specializes in Business Process & Digital Transformation. Yurii excels in creating neural networks for diverse business automation, from medical diagnostics to machinery anomaly detection. Beyond tech, he’s a proficient software delivery manager and project leader. His leadership has fueled remarkable growth, achieving up to 60% CAGR by guiding 20+ Agile Teams globally.
Chief AI Scientist
Dr. Hung Dao
Based in Vietnam, Dr. Hung leads a dynamic Consulting Team, driving AI innovation across diverse sectors, from industrial visual inspection to medical image segmentation at our AAI Lab. With a PhD in Engineering from Keio University (2014), his expertise extends to groundbreaking research published in renowned conferences such as FG, BMVC, ICASSP, and ACCV, alongside multiple granted patents. With a distinguished track record at FPT, VinBrain & Nautilus AI, he’s a prominent figure in the AI landscape.
STRATEGIC ADVISOR ON AI
Dr. Alexey Minin
Prof. Dr. Alexey Minin, an esteemed expert in the digital economy and artificial intelligence implementation, boasts over 19 years in high-tech. Rising from Siemens engineer to associated partner at MHP – A Porsche Company, Germany, Alexey excels in management consulting, exponential technologies, and creating businesses based on modern tech. A Doctor of Science in AI, Honored Professor, and consultant for several boards of directors, Alexey specializes in digital transformation, AI application, and startup guidance. He co-founded startups, lectures globally, and is a sought-after speaker in digital conferences.
Business Development Manager
Muin Pirzada
Muin brings to the table an extensive background of over 13 years in the fields of Robotic Process Automation (RPA), Test Automation, and Artificial Intelligence (AI). This vast experience has not only equipped him with a profound knowledge of these cutting-edge technologies and deep passion for business growth and operational efficiency, but also with an acute understanding of their capability to revolutionize industries and streamline operations.
Marketing Manager
Ha Nguyen
Based in Hanoi, Ha spearheads marketing endeavors, leveraging over a decade of prowess in the global technology arena. She currently serves as AAI Lab’s Marketing Manager, leveraging her expertise in B2B marketing, branding, content strategies, and Agile methodologies to propel the company’s growth. Her practical know-how equips her to craft and execute effective marketing strategies for AAI Lab and other entities within the Verysell Group.
Software Development Automation Lead
Hieu Tran
Hieu, from Danang, Vietnam, heads the automation team at SmartDev. With a decade of experience in software development, he’s skilled in tech strategy and research. Known for boosting daily operations, Hieu shines in project coordination and customer happiness. Currently, he’s the top engineer at SmartDev and also leads the AAI Lab Software Development Automation.
Head of Project Management
Richard Sharp
Richard, based in Danang Vietnam, has over 40 years of IT experience. He has had many roles including Client Manager, Supplier Manager, and Service Management Program Manager. He has designed, developed and implemented advanced service management solutions for leading organizations across the technology, government, health, telecoms, oil & gas and financial services sectors.
HEAD OF AI EDUCATION
Soan Duong
Dr. Soan is a lecturer at the Computer Science Department within Le Quy Don Technical University. She is also a senior research scientist with keen interest in computer vision and medical imaging. Her research work has been published at prestigious venues, including ISBI, ICIP, ICASSP, BMVC, and CVPR. Soan plays an active role in the academic community by serving as a dedicated reviewer for esteemed publications such as: IEEE Access and NMR in Biomedicine.