How AI is helping banks streamline processes for vehicle licenses
For the evaluation of credit applications, various documents are often used to check creditworthiness. For the financing of a motor vehicle, much information can already be obtained from the Vehicle registration document can be taken from the documents. Frequently, the data from the documents and thus information about the deposited collateral is entered manually by the customer advisor.
How can Konfuzio help?
Konfuzio checks the documents for completeness, possible manipulation, extracts the required data and makes them available for further processing of the credit application.
No manual typing is required to collect data from the delivered vehicle documents. Both the credit application and the required securities can be reviewed more quickly. The customer is won over by a fast approval with a cost-effective internal check.