Visionet Systems, Inc., a provider of digital solutions to the Banking and Financial Services industry, has launched DocVu.AI, which the company has branded as an AI-driven Intelligent Document Processing (IDP) platform.
The tool is designed to enable clients to seamlessly extract, analyze, search, and manage datasets from multifaceted, industry-specific contracts, trade documents, and agreements.
Visionet expects the platform to benefit banks currently dealing with document-intensive functions like mortgage lending, processing them manually and dealing with delays and errors.
“DocVu.AI is the next generation platform that accelerates the processing of large volumes of structured and unstructured data. This allows companies and institutions to leverage new opportunities, improve compliance transparency, power-up automated workflows with valuable data, and achieve faster ROI. We have put in over 30 months of research and development to bring this word-class product in place,” says Alok Bansal, CEO of banking and financial services business at Visionet.
According to Vaibhav Gupta, head of banking and financial products for Visionet, “DocVu.AI is uniquely positioned to cater to the needs of the mortgage industry with its state-of-the-art AI/ML platform and Visionet’s deep-seated expertise in serving this industry for over two decades. The platform comes with out-of-the-box support for 500+ documents and variants and 4000+ data points, with more being added every day.