Banking

Veryfi empowers banks of all sizes to embrace digital transformation by automating document capture and data extraction, making it easier to process critical banking documents like loan applications, bank statements, KYC forms, and wire transfer records. Traditionally, these documents required manual data entry, a time-consuming process prone to human error. With Veryfi’s advanced OCR technology, banks can instantly capture, extract, and organize data from both physical and digital sources. This automation eliminates bottlenecks, speeds up document processing, and ensures higher accuracy, allowing banks to focus on customer service and more strategic initiatives. Whether it’s processing mortgage documents or handling customer onboarding forms, Veryfi streamlines every banking operation, ensuring a modern and efficient workflow.

A key innovation powered by Veryfi is its ability to enhance mobile banking features like Mobile Check Deposit, enabling customers to securely deposit checks through their smartphones with real-time data capture. By automating the extraction of key details from checks, such as account numbers, routing numbers, and amounts, Veryfi eliminates the need for manual processing, reduces errors, and accelerates check clearance. This feature not only provides convenience to customers but also helps banks optimize operational efficiency, handle higher transaction volumes, and reduce fraud risk. With the added benefits of processing compliance forms, deposit slips, and mobile check deposits seamlessly, Veryfi enables banks to offer cutting-edge, customer-friendly services while modernizing back-end operations.