Case Study: Bank Van Breda saves up to 333 hours a month with Duco's Intelligent Document Processing

Bank Van Breda saves 333 hours a month with Duco

Bank Van Breda, a Belgian bank, faced a challenge with the manual and time-consuming processing of non-standardized interim statements for credit analysis. This task was error-prone and took analysts away from their core work. The bank partnered with vendor Duco to implement its adaptive Intelligent Document Processing (IDP) service to automate data extraction and entry.

The solution from Duco automatically extracted up to 76 different pieces of vital information from each document. After being trained on just 290 documents, the model achieved an accuracy rate of 87%. This automation saved the bank up to 333 hours of manual work per month, allowing credit analysts to focus more on complex analysis.

Bank Van Breda