Case Study: a large American financial services and rating agency achieves scalable financial report verification with Botminds AI

Automatically extracting values from financial tables and notes and mapping to custom taxonomy

The customer, a large American financial services and rating agency, faced the immense challenge of manually processing approximately 200 thousand complex annual reports from banks. This involved extracting data from millions of pages in over ten languages and multiple reporting formats, then mapping high-variation line items to a single taxonomy. This labor-intensive process required over 100 trained analysts and demanded extreme accuracy as the data powered critical financial models.

Botminds AI implemented a solution leveraging its pre-trained table and financial statement understanding models, delivering a first version within days. The vendor's platform enabled the client's subject matter experts to use point-and-click interfaces to further improve accuracy, and custom integrations ensured seamless workflow operation. This resulted in a significant productivity improvement and delivered 100% data accuracy for the client, allowing the process to scale effectively.