AI Tool Buzz
Ocrolus
Automated analysis for lending documents in fintech.
lending document analysis automationTool Information
| Primary Task | Lending document analysis |
|---|---|
| Category | ai-and-machine-learning |
| Sub Categories | financial-planning ocr-and-document-processing workflow-automation |
| Country | United States |
Ocrolus is an intelligent document automation software specifically designed for the fintech industry. It utilizes AI-driven technology to expedite and enhance lending decision-making processes by transforming physical documents into digital data and performing data analytics. By automating document processing, Ocrolus enables customers to make faster and more accurate lending decisions.The tool offers several capabilities, including document classification, data capture, detection of relevant information, and data analysis. It supports various use cases such as cash flow analysis, income verification, address verification, employment verification, and identity verification.Ocrolus caters to multiple industries, including small business lending, mortgage lending, consumer finance, and property management. Its automation capabilities streamline workflows and improve operational efficiency.For developers, Ocrolus provides a developer program and comprehensive documentation to facilitate integration and customization of the tool.To assist users, the platform offers a resource hub containing informative content like whitepapers, eBooks, guides, and videos related to intelligent document processing, fraud detection, cash flow analysis, and business process automation. Subscribing to their newsletter provides access to additional resources. Overall, Ocrolus is an AI-powered document automation solution that empowers financial institutions to expedite lending processes, improve decision accuracy, and transform physical documents into actionable digital data.
Ocrolus is a technology company based in New York, founded in 2014. It specializes in AI-driven document automation, primarily for the financial technology sector. The company enhances the efficiency and accuracy of document analysis for lenders, helping them manage risk and prevent fraud.
Ocrolus offers a range of services focused on automating document processing. Its AI-based software automates document analysis, ensuring high accuracy in classification and data extraction through machine learning and human validation. The technology can extract and structure data from various document types, achieving over 99% accuracy. Additionally, Ocrolus provides advanced fraud detection capabilities and deep cash-flow analytics, allowing lenders to better assess financial situations.
The company serves various sectors, including small business lending, mortgage, consumer finance, and multifamily housing. Its solutions are utilized by banks, fintechs, mortgage lenders, accountants, auditors, and professional services. Ocrolus has raised $136.91 million in funding, with notable investors including QED Investors and Fin Capital.