Product launch

Brainvire To Implement Automated Digital KYC Documentation Solution For Philippine Finance Leader

June 22, 2023 Dallas, USA

A Philippines finance organization will automate its KYC process of digitizing and extracting text from customer application documents with a robust solution developed by Brainvire. The company aims to completely automate its KYC documentation process by scanning the ID and other documents with an OpenSource solution. 

With a devoted team of Python developers and experts, Brainvire has over 21 years of experience in Python consulting and development. With 350+ solutions implemented, Brainvire provides analysis, design, implementation, testing and integration of systems. The company takes pride in top-notch production facilities and have been acknowledged as Python Development Service Experts.

Chintan Shah, CEO of Brainvire, says, “All banking processes are sensitive and require careful attention to adhering to compliance. With our extensive banking domain knowledge, we assure our client’s complete confidence in the timely and rightful completion of such projects of high importance. We’re elated to manage the end-to-end digitization of the banking process

This front-line organization in the finance industry wishes to automate the process of digitizing and extracting text of 65,000 accounts from ID Cards in the KYC compliance. Once integrated, the company will achieve perfect data accuracy and efficiency in document processing. The Backend API will enable the finance leader to scan an ID and link it with the associated customer’s digital application form.

The new open source solution embedded with OCR technology will allow the company to extract data from physical documents into the KYC CSV file by just scanning. Even selfies or scanned pictures will be accurately mapped to the customer’s data.

The earlier system has limitations and is ridden with errors due the manual process involved. Automating and digitizing the entire process will result in faster KYC processing and drastically reduce the costs associated for the company. By digitally scanning and storing all documents, the finance powerhouse can save a lot of storage space. The automation will bring data accuracy and improve the document processing efficiency.

About Brainvire

One of the world’s fastest-growing IT consulting firms, Brainvire’s mission is to create a difference in society through technology. The firm offers exclusive consultancy services such as Business Intelligence, Digital Marketing, Cloud ERP, and CRM for eCommerce for diverse industry verticals while keeping customer satisfaction as its top priority. Over the past 20 years, Brainvire has built an exceptional IT services and consulting team of 1500+ people and served 2000+ customers worldwide. 

The firm has also been honored with many accolades, including the Company of the Year, Top IT Services Firm, Top Mobile App Developers, Best eCommerce Development Company, Inc 5000, The Dallas 100 Entrepreneur Award, Deloitte Fast 500, Silicon Valley Business Journal: Fastest Growing American Company, and Great Place to Work by various prestigious platforms.

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