One of many financial lenders' favorite MoneyThumb tools is PDF Insights. Why? Because with PDF Insights, financial lenders gain the ability to automatically convert bank, credit card, and brokerage statements into the formats they need to determine a loan applicant's creditworthiness. The data collected using PDF Insights will also help underwriters in loan determination.
In addition to text-based financial statements, PDF Insights can also convert scanned or faxed image-based documents. The proprietory OCR algorithm of this highly popular MoneyThumb product reviews questionable fields looks for patterns to self-correct, and flags questionable transactions for manual review.
PDF Insights utilizes IDR (intelligent document recognition) to identify bank/statement formats. Unlike competitors, our solution doesn't need to be told upfront which bank or format is being used, yet correctly processes over 99% of U.S. statements. Output is delivered in a standardized format, even for statements from different banks.
Watch the following video in which we explain how PDF Insights can help financial lenders.
Is MoneyThumb Enterprise Right for You?
Intelligent Document Recognition (IDR)
Fraudulent File Detection
Thumbprint™ by MoneyThumb verifies the genuineness of PDF bank statements using patent-pending AI and our Thumbprint database of millions of bank statements. Thumbprint calculates a score (like a credit score) that indicates the likelihood that a document has been altered. Learn More.
In addition, our automated statement reconciliation feature compares transaction totals to summary information on the statement. If all information on the statement is consistent, PDF Insights will identify the statement as reconciled, meaning you don’t have to spend time manually reviewing statements to identify inconsistencies.
Server Based File Conversion
In addition to the interactive web browser interface, PDF Insights can be accessed as a web service via a REST API that converts PDF documents upon request and returns the results as JSON data. PDF Insight can function as a powerful batch processing engine for your custom workflows.