Finuit

Payslip Analyzer

Caselet → Payslip Analyzer

Caselet Payslip Analyzer

Effortless data extraction from payslips, assured by AI

Analyzing payslips made simple and efficient

Background Insight

Retail & Small Business Credit

The bank has over 6.5 N million customers served by 3000+ employees from 400 branch offices. The bank clocked 13% year-on-year growth in the retail loan segment, enhancing its market share to 18%.

Challenges in financial automation

Balance For banks and financial institutions in the retail lending space, the borrower’s payslip is a critical source of information. Income and deduction values in these documents are credible representations of the customer’s creditworthiness. However, manual scrutiny of payslips requires a trained workforce. Even with a dedicated team, the process remains cumbersome and time-consuming.

For As GHAC Bank’s focus on the segment grew, the shortcomings of the conventional approach became more apparent. The organization’s ambitious growth plans were hampered by processing delays and manual errors. Switching to a robust, scalable, agile system that could overcome the challenges was imperative.

Human
limitations

The scrutiny of multiple payslips for a single loan application demands significant effort and time.

Errors and
inaccuracies

The rigorous, monotonous work leads to fatigue-induced errors and human mistakes.

Variations in
formats

Data extraction must be precise and consistent, regardless of the diverse layouts and styles followed by organizations.

Terminology
differences

Different terminologies used in payslips make it difficult to recognize and associate name-value pairs.

Keen to upgrade your payslip processing
workflows?

Solution

Finuit optimized solution for scalability, versatility, and seamless
integration with GHAC Bank workflows, enabling instant loan approvals.

Ready for any
input

The solution handles diverse payslips, including scanned documents, using ML algorithms to extract accurate data automatically.

Built for ease
of use

Browser UI enables rapid deployment. Provides instant credit scores and comprehensive reports with downloadable summaries for insights.

Customizable for specific needs

Versatile rule engine configurable for segment- or customer-specific needs, with user-defined parameter privileges.

Finuit: Streamlined Payslip
Analytics Suite

Indication of AI-powered confidence score for enhanced reassurance

Dashboard views and controls for hassle-free management

Optimized to handle a variety of payslip layouts, terminologies, and formats

Flexible configuration options to address evolving business needs

Calculation of credit scores and risk factors for instant decisions

In-built tools to detect fraud and discrepancies for risk-free approvals

Results

Unlocking the key to higher efficiency with quick and
failproof credit approvals

350

+

payslips of diverse formats within

01

min

to enable

16

X

faster decisions with over

88

%

accuracy

TANGIBLE RESULTS

Finuit’s
performance
highlights

Finuit’s performance highlights

Turbocharged approvals

Automated data extraction and analysis speed up workflows. The bank’s processing efficiency gets a boost while customers are delighted with quick turnaround times.

Deeper insights

With powerful analytical tools that unearth critical insights into the borrower’s financial health, the solution opens up exciting upselling and cross-selling opportunities.

Risk-free decisions

The solution leverages purpose-built algorithms to spot suspicious or erroneous data. It flags discrepancies and risk factors, facilitating prudent credit decisions.

Lorem ipsum

Lorem ipsum to spot risk indicators such as returned cheques, rotating credit, and suspicious transfers for judicious credit approvals

Finuit’s
Payslip Data Analyzer

Is manual processing of customers’ payslips the weak link in your loan approval workflow? Is the exercise of data extraction from diverse layouts and formats fast enough? Is the acquired data truly error-free?

Unshackle your processes from the limitations of legacy approaches. Modernize loan approvals with Finuit and give your business a competitive advantage.

USE CASE

Payslip
Data
Digitization

USE CASE

Passbook
Data
Analytics