ACI Case Studies - Global Technology Services

Transforming Document Management for Top US Bank Using OpenAI’s LLM

Written by ACI Info | August 16, 2023 at 12:51 PM

Introduction  

Our client, a prominent US bank, has achieved staggering revenue of $17.5 billion, amounting to approximately $54 per person in the country. This outstanding accomplishment can be credited to the unwavering dedication of its 108,000 strong workforces. As a responsible custodian of extensive customer data, the bank places utmost importance on data management and security, employing stringent measures to safeguard sensitive information.

Challenges  

The bank struggled with manual document screening, causing errors, delays, and compliance concerns. Scaling issues, inconsistent decisions, and resource strain further aggravated the problem. To tackle this, the bank sought automated solutions, aiming to boost efficiency, compliance, and resource allocation for improved document management and customer service.