Reliable and accurate data extraction from Bank Statements using AOTM

AOTM’s OCR engine scans bank statements in real-time and aids in quick customer onboarding. Filter transaction data to obtain proof of income and understanding of consumer spending patterns. By including bank statement API in your workflow, you may automate the underwriting process.

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Challenges with Bank Statements Processing

To verify income, the operations team and underwriters spend half of their time manually pulling and analyzing data from bank statements. In addition to being slow, this method is also prone to human errors. Traditional rule-based software cannot properly convert bank statements to data due to the thousands of distinct formats.

Furthermore, it is necessary to categorize the extracted data in order to derive important attributes for underwriting, such as monthly income, average balance, and prior loans. Giving customers a better experience becomes extremely difficult because of this slow process.

We Provide IDP Solution to make Bank Statements Processing Easier

AOTM assists with bank statements processing by providing intelligent document processing solution.

Auto-Classification of Documents

AOTM IDP solution helps automatically classify the documents making it easy for the user to sort through various documents at a time.

Data Extraction from Multiple Formats

AOTM IDP solution assists in extracting and data processing from various formats, be it an image, PDF, or business forms.

data extraction from multiple sources

Save Time

Enhance your business flow by reducing document processing time by 85%.


Reduce data processing costs by 50% and bid goodbye to high labour costs.

99.9% Accuracy Rate

Reduce the risk of human errors with AOTM Solution.

Schedule a demo with us

Learn more about how you can automate your business processes.