Cases

Annual Report Analysis for credit applications

Organizations such as banks or mortgage lenders must, during a mortgage application, credit application, or consolidation, thoroughly analyze many years of financial reports to determine the creditworthiness of the applications. Normally, this is a very labor-intensive and time-critical action with a high chance of errors. The annual reports application of ScanAnalyst analyzes multiple years of financial reports and determines whether an organization is creditworthy. This is based on criteria that you as a company determine in advance. The savings in time and quality improvement are enormous.

WOO Request for Organizations or Municipalities

Government organizations such as implementation organizations like UWV, or municipalities are, under the framework of the Open Government Act (Wet Open Overheid), obligated to deliver the requested documents within 4 weeks following a request for disclosure. If an organization already has its document management, email management, server management, etc., in order, within those 4 weeks, the request must be translated into types of documents, those documents must be found and copied, and subsequently anonymized according to GDPR standards. Especially with larger requests and larger government organizations, this can no longer be managed manually, resulting in fines amounting to tens of thousands of euros. With the ScanAnalyst applications, this WOO process can be significantly accelerated. Both the organization of document management (metadata tagging, classification) and thereby making documents findable and accessible, as well as the automation of the anonymization process, are among the possibilities.

Banks Must Increasingly Comply with More Complex Regulations

The government is imposing increasingly complex regulations on banks. Various solutions have been implemented across different banks. For the MiFID II (Markets in Financial Instruments Directive) guidelines, ScanAnalyst, in consultation with specialists within the bank, analyzed a vast archive, enabling timely compliance with the regulations. For anti-money laundering legislation (AML), banks must meet strict requirements to prevent money laundering and the financing of terrorism. This includes due diligence procedures for customers and reporting of suspicious activities. Seizures in cases of bankruptcy: Multiple bailiffs submit seizure orders to banks. Banks are unable to block accounts quickly enough, resulting in annual losses ranging from several hundred thousand euros to several million euros. The cause: Hundreds of seizure orders are submitted on paper in a single day. The processing must be carried out manually. With the ScanAnalyst applications, the identification of customers and account numbers can be automated.

Unlocking efficiency with AI-driven solutions

ScanAnalyst partnered with a provincial government to tackle a pressing challenge: anonymizing 400,000 pages of sensitive documents in just three months. Using our advanced ScanAnalyst DataProtector, we automated the process, achieving higher accuracy than traditional methods while saving over a year of manual work hours. The result? Not only did we ensure compliance with privacy regulations, but we also enabled the government to offer anonymized reports as an extra service to residents and businesses, something previously unfeasible due to GDPR constraints. By leveraging self-learning algorithms and customizable allow/deny lists, we tailored the solution to their needs, proving that innovation can drive both security and service.