InferIQ: Generative AI-Powered IDP for Banking and Financial Services

InferIQ’s integration with cutting-edge AI technology takes data analysis to new heights. Users can leverage powerful AI Large Language Models (LLM), to gain deeper insights from their de-identified data. One of its key strengths lies in AI-powered data extraction, where it can quickly and accurately extract information from a wide range of financial document formats, such as Tax forms, Legal documents, Bank forms, Financial Statements, Handwritten text, Unstructured documents, and even Customized physical reports. For instance, InferIQ has successfully assisted our Loan origination system customers in extracting and mapping financial data from PDF files into standard accounting formats, allowing for seamless data sharing via APIs for expedited loan origination and closing process, reducing manual data entry errors, and enhancing the overall experience for borrowers applying for loans.

Moreover, InferIQ has built-in Generative AI capabilities, including large language models and computer vision models. Optional integration with ChatGPT enables additional flexibility in data extraction. Rest assured that data security is our top priority, and we employ robust encryption measures to protect your information.

One of the most powerful features of InferIQ is its data classification and redaction capabilities. It can automatically identify various data types within uploaded unstructured files, providing a list of categories that can be redacted. This advanced redaction process, built on AWS Textract, ensures that sensitive information is always protected, and other software cannot reverse the redacted data. Financial Institutions can also use InferIQ's redaction feature to safeguard sensitive customer information, ensuring compliance with data privacy regulations.

Key Functionality of InferIQ

1. Extraction – InferIQ has the capability to extract information from scanned documents, process the data, and send the information to third–party software. These can also include scanned documents like tax forms, contracts, invoices, financial statements, etc.

2. Generative AI – InferIQ comes with built-in generative AI capabilities and integrates with multiple industry-leading large language models. Users can ask templatized questions to Generative AI models. The system allows strong admin control and standardization of the questions being processed.

3. Text Classification – InferIQ can read both scanned and handwritten text. Later it can assign a label or class to a given text. We use it for sentiment analysis of text extracted from various sources.

4. Redaction – InferIQ can redact or replace Personally Identifiable Information (PII) and Named Entities present in documents.

5. Seamless Integration with Third-Party Systems via API.

Some of the benefits of Generative AI integration with InferIQ

• Ability to send redacted information to high-quality LLM to maintain data security.

• Access to a vast knowledge base

• Language fluency and natural conversation

• Efficient handling of multiple conversations simultaneously

• Automation of repetitive tasks

• Reduction in human error

• Consistency in information delivery