Case Study: Indian Bank achieves faster bank statement processing with Flatworld Solutions

Indian Bank cuts bank statement processing from 8–9 hours to automated Excel outputs with Flatworld Solutions

The customer, Indian Bank, faced a significant challenge in manually processing and verifying scanned client bank statements, a regulatory requirement that took 8-9 hours per document. They contacted Flatworld Solutions for its expertise in big data to develop an automated and economical solution.

Flatworld Solutions implemented a big data platform-based solution to automate the extraction of text and amounts from various financial documents. The results included comprehensive outputs in Excel for credit-worthiness assessment, which greatly pleased the client and led them to consider outsourcing future projects to Flatworld Solutions.

Indian Bank