OCR Screening Solutions from KYCAID
Power up your KYC compliance with KYCAID: the ultimate OCR screening solution for businesses. KYCAID specializes in developing high-quality OCR solutions for businesses with no equals in speed and accuracy. Get an efficient tool to enhance your Know Your Customer (KYC) processes through automated document scanning, data extraction, transformation, and verification!
How OCR works
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1 step
Image preprocessing. Cleaning the image, removing noise, and adjusting contrast
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2 step
Layout analysis & Character Segmentation. OCR algorithms find areas on the image filled with text
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3 step
Recognition of individual characters. Comparison of segmented characters with a database of known symbols
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4 step
Post-processing. Formatting, spell-checking, and contextual information correction to rectify any errors
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5 step
Monitoring. Monitoring changes in customer data and marking any unusual activity.
Features and Capabilities
OCR system greatly enhances data verification from KYC forms, reducing sanction risks. It automatically checks ID documents, detects any alterations, and ensures image integrity with top-notch security and accuracy.
OCR Screening from KYCAID
KYCAID's OCR system enhances KYC form verification, reducing sanction risks by checking ID documents, detecting alterations, ensuring image integrity with top-tier security and accuracy.
Use cases
We offer a wide range of services, including global KYC solutions, intelligent document processing, AML verification, and more. Our main goal is to give businesses a simple and effective way to manage KYC processes.
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In-house KYC departments
Turn around your in-house KYC solution with our forefront OCR technology that converts images into editable and searchable content. Focusing on precise data extraction and multilingual support, our advanced algorithms optimize KYC processes while ensuring compliance with AML regulations.
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CRM systems
Pave the way for a swift digital transformation of your CRM by implementing advanced tech such as AI and OCR. Deep learning, natural language processing, and computer vision will enhance accurate and complete data collection and analysis.
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Banks
Financial institutions have to process millions of customer documents each year. OCR helps extract and convert data into digital formats, boosting overall operational speed. With our solutions, banks can quickly scan customer data from PDF documents, convert them, and make them searchable. Automation allows you to optimize KYC compliance procedures across the board.
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KYC providers
OCR and ML-based (Machine Learning) tools automate identity verification, simplifying KYC. Extracting data from IDs like driver's licenses or passports, they verify against databases, using profiles for streamlined, automatic checks across various databases and watchlists.
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Travel agencies
Refine the processing of legal documents and hasten verification of IDs, passports, insurance policies, etc. Our AI-driven solutions improve automatic algorithms by reducing inaccuracies and the risks of human-factor errors.
Integrate OCR from KYCAID into your CRM
Streamline your CRM processes by seamlessly integrating KYCAID's OCR technology, guaranteeing quick and accurate data input at your fingertips.
| 1 | |
| 2 | "applicant_id": "{ "applicant_id" {", |
| 3 | "type": "PERSON", |
| 4 | "first_name": "John", |
| 5 | "middle_name": null, |
| 6 | "last_name": "Doe", |
| 7 | "dob": "1970-10-25", |
| 8 | "residence_country": "GB", |
| 9 | "gender": null, |
| 10 | "email": "[email protected]", |
| 11 | "phone": null, |
| 12 | "pep": null, |
| 13 | "profile_status": false, |
FAQ
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How does OCR help verify documents?
The process goes through the following stages:
- It receives an uploaded document scan;
- Extracts words and lines from the image;
- Recognizes characters within words and lines;
- Generates an electronic document and compares it with the data in the system.
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What methods does the OCR system use?
- Character classification based on visual patterns;
- Machine learning: OCR software enhances accuracy through training on extensive datasets;
- Neural networks: OCR systems analyze visual attributes of characters and make predictions based on identified patterns;
- Natural language processing: Advanced OCR systems use natural language processing to understand context.
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What advantages do KYCAID services offer?
Our software solutions are developed with a full understanding of business goals and tasks in hand, guaranteeing:
- Document processing is free from the risks of data leaks, fines, disqualifications, and legal liabilities within the security framework of IT infrastructure.
- Reduction of workload on personnel through automation.
- Deep understanding of reporting.
- Enhancement of service quality through fast verification procedures.
- Ability to automatically obtain consumer data with subsequent integration into corporate systems.
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How accurate is the OCR technology?
The accuracy of OCR technology can vary based on the quality of the document, clarity of text, and the OCR software being used. In modern OCR solutions, accuracy is continually improving, and they often support various fonts, languages, and writing styles. However, it's crucial to choose a reliable OCR solution that can handle diverse documents and provide accuracy even in challenging scenarios.