Bangalore (Karnataka) [India], February 27th : Extrieve, a leading provider of document processing solutions, has introduced its latest SDK: the DocumentAi SDK. This cutting-edge tool promises to enhance document processing speed and efficiency to unprecedented levels. What makes this SDK a standout is that it works offline, which offers benefits like:
- Availability: Since it is an offline SDK, it can do document processes without any network interruptions. This scenario is crucial for services where a network interruption can cause delays in operations.
- Simplified integrations: Since offline SDKs bundle the necessary resources and functionalities, the integration of these SDK’s become easier and faster compared to building everything from scratch.
- Faster processing: Document processing locally removes the dependency of network latency, which lends a fast and smooth workflow.
- Reduced latency: Real-time document processing is crucial for instances which require immediate results like in the case of KYC document extraction, where extraction of sensitive data is involved.
Here is an insight into the features offered by DocumentAi:
1. Document Identification for KYC Documents: During Know Your Customer (KYC) verification, DocumentAi can accurately identify various types of documents, including Aadhaar, PAN, Passport, Voter ID, and Driver’s License. This capability ensures that the right documents are uploaded, streamlining the verification process and boosting efficiency.
2. Document Extraction for KYC Documents: DocumentAi excels in extracting crucial information from KYC documents, such as Aadhaar, PAN, Passport, Voter ID, and Driver’s License. This functionality significantly enhances customer onboarding processes, facilitates compliance with regulatory requirements, enables thorough risk assessment, prevents fraud, and improves the overall customer experience. By automating data entry and minimizing human error, DocumentAi helps organizations save valuable time and resources.
3. Aadhaar Masking: With the evolving regulations surrounding Aadhaar usage, Extrieve’s DocumentAi SDK includes a powerful Aadhaar masking feature. This functionality redacts the first eight digits of the Aadhaar number while preserving the last four digits, aligning with the latest UIDAI regulations. By seamlessly integrating this feature, organizations can ensure compliance with Aadhaar masking requirements for KYC purposes. The API simplifies the masking process, taking an Aadhaar number as input and returning a masked version as output.
Challenges addressed:
- Manual data entry: Manual data entry can be time-consuming and error prone. By automating the extraction and identification process we can reduce the processing speed and accuracy.
- Manual labor costs: Automating document processing frees up valuable human resources for other tasks, leading to cost savings.
- Fraud prevention: The accuracy in data extraction can help in fraud detection and prevention, which minimizes losses and other fraudulent activities.
- Compliance with data regulations: Gathering and storing KYC details needs to be adhered to regulations like GDPR (General Data protection Regulation) or UIDIA, ensuring the customer information is handled responsibly.
- Scalability: The SDK can handle large sets of documents efficiently, which will help in business growth.
- Improved customer experience: Streamlining the KYC process can enhance customer satisfaction and build trust.
Benefits:
- Faster and more efficient KYC processes
- Reduce operational costs
- Improved compliance and risk management
- Enhanced customer experience and satisfaction.
- Stronger security and data privacy
Overall, Extrieve’ s DocumentAi SDK represents a paradigm shift in document processing technology. By leveraging advanced AI capabilities, organizations can streamline KYC verification, automate document extraction, and ensure compliance with UIDIA regulations. With DocumentAi integration, document processing becomes faster, more accurate, and more efficient. Experience the future of document processing with Extrieve’s DocumentAi SDK today.
