Gartner mentions Altilia in its 1st market guide on Intelligent Document Processing

Extracting data from complex documents to improve Non-Performing-Loan data tapes management

Problem:

A Non-Performing Loan (NPL) is a loan belonging to a person or company that has become an unpaid debt. Thousands of these are sold by banks to debt collection agencies with a set of data tapes and documents ranging from mortgage agreements to surety documents and technical consultant reports.

Documents contain very valuable time-sensitive information that has generally been gathered manually, leading to slow processing, inaccuracy, and lack of oversight of the true value of the NPL.

Solution

Altilia Intelligent Automation platform allows debt collection agencies to ingest different document-types provided by banks from multiple sources, and to automatically extract all key information needed to rapidly enrich data tapes. This provides agencies a detailed insight into the NPLs, leading to more accurate analysis and value assessments.

Benefits:

This process increased the speed of data-gathering by 10x while reducing costly manual labour by around 90% and significantly improving the accuracy of the information for debt collection agencies, allowing them to improve their NPL valuation assessments and to significantly drive up margin.

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