The Financial Services Review magazine, a renowned digital and print publication with a solid reputation in discovering innovative technology trends and solutions for the Financial Services Industry, has just awarded Altilia as a Top Digital Banking Solutions Provider in Europe 2022.
Altilia has been nominated for its efforts to develop innovative solutions to automate many activities in the financial and banking sector, involving complex document intensive processes that still require manual work.
One relevant example is corporate ESG (Environmental Societal Governance) profiling for credit scoring purposes. In this case, Altilia is capable of classifying and extract target data from different types of documents (like balance sheets, annual reports, and financial statements), contained in several different sources (including corporate ECM systems).
Output data can then be used for the credit scoring algorithms to compute interest rates for loan applications. With this method, Altilia has been able to cut down manual work time requirements for the task by around 80%, with the effect of drastically reducing the loan processing lead time from ten days to just 2 days, thus greatly improving customer satisfaction.