How Does OCR Transform Customer Enrolment in Banking?
Are you tired of the tedious and error-prone process of manually collecting and entering data in banking operations?
Traditional data entry methods consume valuable time and are susceptible to inaccuracies that can result in costly mistakes. This is why OCR technology is a game-changer for most industries, especially banking.
OCR is a technology that automates the extraction of data from various documents, such as IDs, utility bills, and forms, by converting scanned images into editable and searchable text. This eliminates the need for manual data entry, significantly reducing the risk of errors and expediting the onboarding process for customers.
Toppan Gravity recognizes the challenges banks face in ensuring seamless digital onboarding experiences for their customers. That is why we have developed our cutting-edge Digital onboarding solution tailored specifically for the banking sector. Our technology not only automates data extraction but also helps digitalize banking operations including compliance with regulatory requirements, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
By leveraging Toppan Gravity’s OCR technology, banks can:
- Enhanced Customer Experience: In today’s digital age, customers expect seamless and frictionless experiences. By streamlining the onboarding process with OCR technology, banks can deliver a superior customer experience and gain a competitive edge in the market.
- Improve Accuracy: Human error is inevitable, but OCR significantly reduces the risk of inaccuracies associated with manual data entry. By automating data extraction, banks can ensure the integrity and accuracy of customer information.
- Cost Savings: Manual data entry is not only labor-intensive but also costly. By automating repetitive tasks, OCR helps banks cut down on operational expenses and reallocate resources to more value-added activities.
- Compliance Confidence: Compliance with regulatory requirements is non-negotiable in the banking industry. OCR technology ensures that all necessary documents are accurately processed and verified, helping banks stay compliant with KYC and AML regulations.
OCR technology is revolutionary for banks looking to streamline their onboarding processes and enhance operational efficiency. Toppan Gravity is committed to empowering banks with innovative solutions that drive growth, mitigate risks, and deliver exceptional customer experiences.
Say goodbye to the stress of manual data entry. Embrace the future with OCR technology and transform your banking operations!
About Toppan Gravity
Toppan Gravity is a subsidiary of Toppan Leefung, serving as the international development arm of the TOPPAN Group in the security domain. Being part of the most prestigious conglomerate in the industry with decades of experience and multiple well-known references, Toppan Gravity benefits from the TOPPAN Group’s strong market position and extensive expertise. As a global solutions provider primarily focused on the payment and Identity industries, Toppan Gravity aims at developing the next generation of virtual and physical security solutions.
For more information, visit www.africa.toppangravity.com | www.toppangravity.com or contact info@toppangravity.com.
About the TOPPAN Group
Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals.
For more information, visit www.holdings.toppan.com/en/ or contact www.linkedin.com/company/toppan/
