The banking industry is rapidly evolving, and with it comes the need for new and innovative solutions to improve efficiency, accuracy, and productivity. One such solution is automated spreading, which uses optical character recognition (OCR), machine learning (ML), and Artificial Intelligence (AI) to automate the process of extracting data from financial documents and integrating it into financial analysis tools.
"Data Driven Culture" is the it-jargon circulating through banks and fintechs. We know that just about every company today is collecting data. Everyone wants to join the “data culture,” but few recognize that collecting data is only part of the journey.