Case Study: Perfios processes over 2 million financial documents per month with Amazon Web Services

Perfios Processes Over 2 Million Financial Documents per Month Using Amazon Textract

Perfios, a leading Indian fintech, needed to automate its manual and time-consuming loan origination process so lenders could validate applications faster and more accurately. Using Amazon Web Services, including Amazon Textract and Amazon SageMaker, Perfios built its data aggregation and analytics platform to extract, categorize, and analyze financial documents from hundreds of institutions.

Amazon Web Services helped Perfios automatically process bank statements in more than 200 formats, cutting average scan processing time by 20% and saving about 12 months of algorithm development time. With AWS, Perfios now processes loan applications in as little as 35 minutes and handles 2 million financial document scans per month, serving more than 200 lenders across India.

Perfios

Ramgopal Subramani

Chief Operating Officer