Bank statements can be challenging to extract data from because they come in different formats and languages. The difficulty is compounded when dealing with large numbers of documents, which can be tedious and time-consuming to verify manually.
In bank statements, crucial data is generally surrounded by irrelevant information, meaning that regular automation technologies such as OCR struggle to identify and extract the necessary data. As a result, finance firms often spend hours validating information from bank statements, taking away valuable resources that could be better spent on customer-focused activities.
A more intelligent solution for extraction is needed - and that’s where Evolution AI comes in.
We offer a specialised solution for extracting data from bank statements. Simply upload a scan or PDF of a bank statement, then download the captured data in the output of your choice, such as Excel or JSON, or access via our well-documented API. Regardless of the format or the type of bank statement (e.g. US, UK or European), our product can cut down processing time: extracting the required information in seconds, not minutes. Our automated solution can detect missing information immediately eliminating long cycles of customer back-and-forth.
Whatever the type of bank statement - even containing handwriting or a poor-quality scan - our technology can seamlessly capture the desired data. Our product can also host post-processing rules, ensuring that your bank statement data meets your institution’s compliance requirements.
Evolution AI’s powerful model for bank statement data extraction is trusted by global leaders such as NatWest and Deutsche Bank. However, seeing is believing - why not try out our software by uploading a bank statement on our Transcribe platform?
Transaction date and time
Transaction amount
Transaction description
Transaction type (e.g. deposit, withdrawal, transfer)
Transaction currency
Transaction date and time
Transaction amount
Transaction description
Transaction type (e.g. deposit, withdrawal, transfer)
Transaction currency
Account number
Account holder name
Account balance
Account summary, such as the total amount of deposits or withdrawals for a specific period
The name of the individual or organisation that received payment
Payment method
Payment amount
Reference
Transaction date and time
Transaction amount
Transaction description
Transaction type (e.g. deposit, withdrawal, transfer)
Transaction currency
Account number
Account holder name
Account balance
Account summary, such as the total amount of deposits or withdrawals for a specific period
The name of the individual or organisation that received payment
Payment method
Payment amount
