Cloudcase Software Solutions (‘Cloudcase’), a leading provider of complex business process orchestration and automation solutions, has announced a strategic partnership with DocuScan, the pioneer in AI-driven document processing, verification, and fraud detection platform. This collaboration aims to revolutionise the onboarding and origination experience for Cloudcase’s banking and lending clients, while significantly enhancing fraud detection and prevention measures.

The partnership involves the seamless integration of DocuScan's powerful document processing and fraud detection capabilities into Cloudcase’s intelligent automation platform, to significantly enhance the efficiency, accuracy, and security of document handling processes for banking and lending institutions.

By integrating these two class-leading solutions, Cloudcase and DocuScan are positioned to provide institutions with a complete, end-to-end solution. In particular, the Mutual banking space is set to benefit in a major way, with banks able to utilise one platform to onboard and originate into any product, whilst leveraging an ecosystem of best-of-breed, integrated technologies, such as DocuScan’s ‘Eye-Know’ engine.
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Key Benefits

Streamlined Onboarding: The integration of DocuScan and Cloudcase will accelerate customer onboarding processes, by automating document reading, data extraction and verification, reducing manual data entry and processing times.

Enhanced Document Verification: DocuScan's advanced ‘Eye-Know’ engine provides robust verification for various financial document types, including Payslips, BAS, Accountant Letters, Bank Statements and more.  

Advanced Fraud Detection and Mitigation: DocuScan's cutting-edge fraud detection capabilities will be integrated into the platform, offering:  
• Real-time document authenticity checks
• Detection of manipulated or forged documents
• Identification of inconsistencies across submitted documents
• Multi-layered verification processes to ensure document integrity

Improved Accuracy: By reducing human error in document processing and leveraging AI-powered detection tools, the partnership will lead to more accurate data capture and analysis, minimising risks associated with manual handling and fraudulent activities.

Faster Decision-Making: Automated document processing and fraud checks enable quicker and more secure credit assessments and approvals, improving overall customer experience, reducing risk and increasing the ‘Speed to Yes’.

Continuous Improvement: DocuScan's machine learning algorithms continuously adapt to new fraud techniques, ensuring that the fraud detection capabilities remain up-to-date and effective against emerging threats.
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"Our collaboration with DocuScan represents a significant step forward in our mission to provide cutting-edge, intelligent automation solutions to the banking and lending sector. By integrating DocuScan's powerful document processing and fraud detection capabilities, we're enabling our clients to operate more efficiently, make faster decisions, and provide a superior and more secure experience to their customers."

- Roger Manu, CEO, President and Co-Founder of Cloudcase

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"We're thrilled to partner with Cloudcase to bring our advanced document processing data extraction and verifications technology to a wider range of banking and lending institutions. This partnership will help financial institutions streamline their operations, significantly reduce fraud risks, and ultimately serve their customers better while protecting their assets."

- Brett Spencer, Founder and CEO of DocuScan,

At DocuScan, we strive to eliminate data entry for good. Using our proprietary AI platform that emulates a human reading a document, we are able to extract data from documents with unprecedented accuracy. Unlike using cumbersome OCR solutions, our “Eye-Know” platform reads documents just like a real person and lets you use the data to improve your business efficiency.  

• Faster Point of Sale Solutions  

• Facilitating a better Digital Acquisition experience for your customers  

• Eliminate any Data Entry issues for your business  

• Improve your productivity through reduced data error  

• Customers simply drag and drop their documents into your UI for data extraction making applications faster than ever