Signzy Technology: Enabling Real-Time And Efficient Bank Account Opening

Category: Digital Transformation   |   Presented By: Signzy

The task of opening a back account when done manually in the legacy system is painfully slow and consumes a lot of business resource as compared to real-time operations. The manual processes also breed other problem areas like faulty data entry due to human negligence, loss of data or fraud because of carelessness or connivance. Eliminating these pain points of the manual system at banks, Signzy is leveraging deep learning based computer vision technology to enable real-time account opening with enhanced compliance adherence, and thorough fraud detection. The company has named its deep learning model as (K)Netra which adds value to the banking operation.