Case Study: TAB Bank reduces bank statement review time with Ocrolus

TAB Bank cuts bank statement review from 30 minutes to seconds with Ocrolus

TAB Bank, a technology-driven online bank, faced a challenge in its small business lending division. Manual bank statement analysis was time-consuming, limited underwriting depth, and hindered fraud detection. To scale this effort and gain better risk visibility, the bank partnered with vendor Ocrolus to implement its AI-powered analytics platform.

The solution from Ocrolus automated bank statement analysis, delivering categorized transactions and fraud signals within minutes. This reduced the review time for a set of statements from 30 minutes to seconds. The result was faster underwriting, deeper cash flow insights, and an increased ability to detect and prevent fraudulent loan applications.

TAB Bank