Artificial Intelligence & Machine Learning
Tools, support and services for AI & ML projects
Artificial Intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules of using the information), reasoning (using the rules to reach approximate or definite conclusions) and self-correction. Particular applications of AI include expert systems, speech recognition and machine vision like Optical Character Recognition.
Whereas machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning focuses on the development of computer programs that can access data and use it to learn for themselves.
The process of learning begins with observations or data, such as examples, direct experience, or instruction, in order to look for patterns in data and make better decisions in the future based on the examples that we provide. The primary aim is to allow the computers to learn automatically without human intervention or assistance and adjust actions accordingly.
One of the case studies that Team eXzaTech has worked on is to create an automated system that reads the financial instruments, converts them into text files and if the values are within the prescribed limits for clearing the same, clears it for further payment processing.
Optical Character Recognition for Financial Instrument Processing
The Objective of this project is to automate the process of scanned image submission, OCR & review, enrichment of images submitted for clearance with automated clearance rules. The platform is built to learn and correct itself over a period of time using Machine Leaning technology.
Another objective is to automate the signature matching for automated clearance with integration to the core banking system.
Finally, once the higher accuracy is achieved, minimize the human intervention in the whole financial instrument clearance process.