FINANCIAL
SERVICES

Use Cases

Applica for Financial services

Mortgage Origination

Comprehend and extract information from nearly all document types involved in the mortgage life cycle–resulting in greater speed, scalability, and profitability.

Loss Runs

Applica eliminates the need for data labeling and requires less time, effort, and fewer document samples than other solutions, giving you more control over loss run reports and data lake analysis.

KYC (Know Your Customer)

Applica can process documents quicker, cheaper, and with more accuracy than human lawyers.

Debt Collection Automation

Applica automates 90% of manual tasks and eliminates 85% of human errors.

Contract Management

Reimagine the contract management process—less time searching and more time acting on relevant information.

Customer Care

Applica extracts and classifies relevant content so that agent scan respond 30% faster to a customer request.

Fits Into Your Workflow

Because Applica can fit into your existing tools, there’s no need to worry about re-engineering your entire process. It also integrates with RPA and other ECMs for a seamless processing experience.

Easy-to-Use Interface

Applica is designed with user-friendliness in mind. This means you don’t need to have any prior knowledge of engineering, data science,or AI to use and maintain it. As long as you’re familiar with spreadsheets,you’re good to go.

Low Overall Costs

Applica democratizes document automation for financial service organizations of all sizes across virtually all industries, thanks to its reasonable cost of ownership and the fact that it requires no engineering uplift.

Want to Learn More About How we Support Clients in Financial services?