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AI Driven Credit Assessment Optimization(Credit Assessment Robotic Transformation)
C.A.R.T
Financial Assessment Simplified
NEXT FRONTIER FOR YOUR CREDIT ASSESSMENT PROCESSES
Accelerate OCR Based Data Extraction
SPEED-UP SCANNED DOCUMENTS DATA EXTRACTION
Optimize scanned image data extraction complemented by OCR and image analytics
Quick Financial Data Extraction
DIGITAL JOURNEY OF CREDIT ASSESSMENT
Automate data extraction from customer documents such as Bank Statements, Balance Sheets, Schedules, P&L, etc
Instant Increase Your Market Share
FASTER LOAN PROCESSING
Speed up your lending decisions for acquiring more customers for a competitive edge
Consolidated Analysis of All Customer Accounts
360 VIEW OF CUSTOMER CREDIBILITY
A single view of all customer accounts irrespective of accounts being of the same bank or different banks
On-Demand In-Depth Analysis Process
CUSTOMERS FINANCIAL TRANSACTIONS ANALYSIS
In-depth analysis of customer financial transactions for identifying patterns of obligations, financial strength, etc
Effective Cost Optimization Process
ANALYZE ALL CUSTOMER ACCOUNTS
Analysis of all customer accounts for a combined view of customer credibility
Key Features
Intelligent Bank Statement Analysis and Credit Assessment
ACCELERATE YOUR CREDIT ASSESSMENT PROCESS
Automate analysis of your financial assessments – originated from bank statements, ITR, GSTR, salary slips, balance sheets, P&L statements, schedules etc. with our Bank Statement Analyzer.
Optimize your processes of data extraction, verification and financial checks for a lightning turn-around of your credit decision-making.
Account Aggregator Ecosystem Enablement effortlessly combines and aggregates data from multiple sources, providing financial institutions with complete insights for enhanced decision-making and customer experience.
AI DRIVEN BANK STATEMENT ANALYSIS
Real time decision making support for under writers.
- Bank Statement Analyzer
- Analysis of Bank Statements (eStatements as well as scanned)
- Passbooks
- Fraud Detection
- Extract & Analyze customers's financial worthiness in real time
- Eliminate time consuming manual verification's
- Optimize and cost-effective lending process
- Automatic identification of income/expense patterns
- Customized output leading to segregated information about balances, recurring income/expenses, bounced cheques, charges, over drafts etc.
- Customized options for establishing your personalized ratio analysis
AUTOMATED ANALYSIS Of SCANNED FINANCIAL DOCUMENTS
Enhanced productivity and cost effectiveness through improved accuracy of information extraction from scanned images of financial documents like balance sheets, P&L statements, schedules, salary slips etc. utilising our AI driven Bank Statement Analyser.
- Real time decision making support for under writers.
- Achieve near real time accurate information
- Customize to achieve dual verification and 100% accuracy
- Customized options for establishing your personalized ratio analysis
Why Choose Us
In the quest to optimize credit underwriting processes and enhance fraud detection, an innovative solution emerges: CART a product by Novel Patterns. It is an AI-driven Bank Statement Analyser designed to revolutionize the lending process. It offers a comprehensive set of capabilities that go beyond traditional bank statement analysis.
Let's delve into the impact that CART can have on financial institutions:
- Streamlined Credit Assessments: In today's competitive market, the ability to swiftly evaluate creditworthiness is a significant advantage. CART is engineered to expedite credit assessments, enabling financial institutions to make quicker, more accurate lending decisions. By leveraging AI, CART provides invaluable support in this critical area.
- Efficient Data Extraction: Gone are the days of manual data entry and time-consuming document reviews. CART automates the analysis of financial documents, ensuring precision and reducing the scope for human error. This not only saves time but also enhances the overall efficiency of financial operations.
- Insights into Customer Financial Transactions: Understanding your customers' financial behavior is vital for tailoring services and offerings. CART empowers you with deep insights into your customers' financial transactions, allowing you to make data-driven decisions and offer personalized solutions that meet their unique needs.
- Robust Fraud Detection: Fraud remains an ever-present threat in the financial sector. CART's advanced fraud detection capabilities act as a shield against fraudulent activities. It is equipped to identify unusual patterns and discrepancies, thereby mitigating the risk of financial losses due to fraudulent transactions.
- 360-Degree Financial Statement Analysis: CART goes beyond mere bank statement analysis; it enables you to create a comprehensive financial statement 360-degree view. This holistic perspective of your customers' financial profiles helps in making well-informed decisions and managing risk effectively.
CART – BEYOND BANK STATEMENT ANALYSIS:
CART is not limited to bank statement analysis; it offers additional layers of capability that further enhance its value and impact on financial institutions. These capabilities include:
- Account Aggregator Enabler: CART facilitates the aggregation of financial data from various sources into one platform, eliminating manual entry and improving convenience. It streamlines consent management, enabling users to control data access and simplifying permissions for institutions, ensuring data security.
- Complete Credit Underwriting Solution: CART serves as a complete credit underwriting solution, covering a wide range of financial data analysis needs. It encompasses functions such as credit bureau analysis, financial spreading (balance sheet, P&L), goods and service tax return analysis, income tax and return analysis, and employee salary slip analysis.
THE PROVEN TRACK RECORD OF CART:
CART's expertise in fraud detection and cost-saving measures has garnered it a remarkable reputation in the industry. With over 80+ major clients placing their trust in CART, it currently processes more than 250 million transactions every month. These staggering numbers underscore the significant impact CART can have on safeguarding your institution's financial health.
CART's efficient fraud detection techniques have been instrumental in averting potential losses exceeding INR 100 million on a monthly basis. These numbers not only showcase CART's reliability but also highlight its role in ensuring financial institutions' stability and security.
WHY CHOOSE CART FOR YOUR BUSINESS:
In an era where data reigns supreme, making informed decisions is non-negotiable. Here are compelling reasons why you should consider integrating CART into your financial institution's operations:
- Speed and Efficiency: CART accelerates your lending process, ensuring quick turnarounds without compromising on accuracy. In today's fast-paced world, the ability to make swift decisions can make all the difference.
- Risk Mitigation: Robust fraud detection mechanisms protect your institution from financial losses due to fraudulent activities. CART's advanced capabilities act as a formidable defense against fraudsters.
- Customer-Centric: Understanding your customers' financial behavior enables you to tailor your offerings and services to their specific needs. CART empowers you with the insights needed to enhance the customer experience.
- Cost Savings: By automating manual processes and preventing fraud-related losses, CART leads to significant cost savings. These savings can be reinvested in growth initiatives or improving customer services.
- Proven Track Record: CART's success stories with major clients and its consistent performance speak for themselves. It has a track record of delivering results and ensuring the financial well-being of institutions.
C.A.R.T Overview & Collaterals
