Intelligent Document Processing for Financial Services
Streamline document workflows, reduce processing costs, and enhance compliance with NovaCore's AI-powered document intelligence platform.
Transform Document Processing for Financial Services
NovaCore's AI-powered platform tackles the unique document challenges faced by financial institutions
10x Faster Processing
Automate document classification, data extraction, and validation to process financial documents up to 10 times faster than manual methods.
99.9% Accuracy
Achieve the highest level of accuracy with our enterprise-grade document intelligence that understands financial context and terminology.
Enhanced Compliance
Meet regulatory requirements with comprehensive audit trails, data governance, and security features built for financial institutions.
Transforming Financial Services with NovaCore AI
Discover how intelligent document processing and contextual understanding drive efficiency and innovation in finance.
Automated Loan Origination
Significantly reduce manual effort and turnaround time in loan processing. NovaCore automatically extracts and validates data from diverse application forms, supporting documents (pay stubs, bank statements, tax returns), and credit reports. This accelerates decision-making, improves data accuracy, and enhances the borrower experience.
Faster loan approvals
Reduced operational costs
Minimized human error
Improved compliance with lending regulations
Intelligent KYC/AML Compliance
Streamline Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. NovaCore accurately extracts information from identity documents, proof of address, and business registration forms. It can cross-verify data against watchlists and internal databases, flagging suspicious activities and ensuring regulatory adherence.
Enhanced compliance & risk mitigation
Reduced manual review costs
Faster customer onboarding
Improved accuracy in identity verification
Efficient Trade Finance Processing
Automate the processing of complex trade finance documents such as Letters of Credit, Bills of Lading, and Purchase Orders. NovaCore extracts key data points, validates them against predefined rules, and identifies discrepancies, reducing processing times and minimizing the risk of errors in international trade operations.
Accelerated trade cycles
Reduced operational risk & errors
Improved accuracy in document handling
Enhanced cash flow management
Streamlined Wealth Management Operations
Enhance client onboarding and portfolio management by automating the extraction and analysis of data from client agreements, investment mandates, and performance reports. NovaCore helps wealth managers quickly gather and synthesize client information, ensuring personalized service and compliance with suitability requirements.
Faster client onboarding & data collection
Improved data accuracy for advisory
Enhanced operational efficiency
Better compliance & audit trails
Automated Claims Processing (Financial Products)
Expedite the processing of claims related to financial insurance products (e.g., credit insurance, payment protection insurance). NovaCore can extract relevant information from claim forms, policy documents, and supporting evidence, enabling faster validation and payment, thereby improving customer satisfaction.
Quicker claims resolution times
Reduced administrative burden
Improved fraud detection capabilities
Enhanced customer experience
Financial Documents We Process
Our platform handles all types of financial documents with industry-leading accuracy
Loan Applications
Automate extraction of applicant data, income verification, and credit information from loan applications.
Financial Statements
Extract and analyze financial data points from balance sheets, income statements, and cash flow statements.
KYC Documents
Verify identity documents, proof of address, and other KYC requirements with high accuracy.
Bank Statements
Extract transaction data, balances, and account information from bank statements across multiple formats.
Invoices & Receipts
Capture and categorize expense data from invoices and receipts for financial reconciliation.
Regulatory Forms
Process compliance documents like GDPR forms, tax documents, and regulatory filings with precision.
Built for Financial Industry Standards
NovaCore is designed to meet the rigorous requirements of financial services regulations with comprehensive security controls and compliance features.
Data Sovereignty & Residency
Maintain control over where your financial data is stored and processed, with options for regional deployments.
Audit Trails & Activity Logging
Comprehensive logging of all document processing activities for regulatory compliance and auditing purposes.
Enterprise-Grade Encryption
Data encryption both in transit and at rest using industry-leading encryption standards.
Ready to Transform Your Financial Document Processing?
Join leading financial institutions using NovaCore to automate document workflows and unlock the full potential of your data