For Outward Cheque Clearing

Automates Outward Clearing Cheque processing using Cheque Truncation Images received from Cheque Deposit Machines / Cheque Scanners with Best in Class Automation at various stages

VALIDATION BY AUTOMATED
VISUAL CHEQUE SCRUTINY

TITLE MATCH
VALIDATION

KEY INFORMATION
EXTRACTION

DEPOSIT SLIP
MANAGEMENT

EXTRACTS HANDWRITTEN &
PRINTED ENGLISH TEXTS
ROBOTIC VERIFICATION & VALIDATIONS
- Powered by Patterns 3rd generation Digital Bot Workers[DBW]
- Extracts, Transforms & Interprets printed and handwritten text information using Deep Learning Robotic elements/Patterns Defintion Language PDL’s equipped with Teacher Bots specifically trained for Cheques
- Performs authenticity check based on – Logo, MICR Band, Endorsement Stamp, Account Payee Stamp, Crossed Cheques
- Identifies strikeouts, overwriting, damage, mutilation, white ink/oil/water marks on Cheques
- Detects absence of mandatory information like date, signature etc.
- Equipped with configurable validation engine capable of performing technical validations, including title match verification, required for an Outward Clearing Cheque Scrutiny
- Every Robotic Extraction, Verification and Validation is supported by justification and audit trail logging
Dexter Checker Queue (DCQ)
Supports incremental manual processing of failed Robotic validations and also provides conservative manual checker scrutiny for High Value / High Risk Cheques
Unknown Language Queue (ULQ)
Supports manual processing of non-English language cheques
Dexter Guided Queue (DGQ)
Provides for continuous On-The-Job Feedback training to robotic elements within Patterns Dexter
Quality Control Queue (QCQ)
Provides random selection and human quality control check of cheques automatically cleared by Dexter
INNOVATIONS
- Fuzzy Title Match – With management of multiple approved Customer Account Titles with or without abbreviation
- Automated Liquid Zoning – Automates processing of numerous cheque layouts from large number of participating banks
- Symbol Identification Program – To recognize symbols specifically used by customers while writing their cheques
- Audit Trail & Justification Log – Maintains log for all robotic decisions including payee name match
- Human Robot Collaboration – seamless means for human-robot collaboration that enables automatic feedback and bot-learning
- Bot Worker Confidence – complete control to operations users where they could define the % confidence for each of the 30+ validations performed by the bot.
VALUE DELIVERED
- 15 million cheques processed. All cheques are scrutinized, reduced customer complaints by 95%.
- Seasonal High volume period volumes handled without the addition of human power.
- Reduced human work share from 100% to 30%. 70% of the work is done by software bots.
- The audit department is presented with a complete audit trail. Reduces audit time by over 85%.
- 100% adherence to Turn around time.
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