Sberbank approves the credits to legal entities in only 7 minutes with technologies of ABBYY

2020: Automation of a design of the credits for representatives of medium and large business

On July 7, 2020 Abbyy Russia (Abbyy) reported that Sberbank automated a design of the credits for representatives of medium and large business. Technologies of natural languag processing of ABBYY analyze data of the client from more than 50 different document types, take more than 1000 different attributes and allow to define such indicators as legal capacity of the company, its financial status without participation of the person and also to help with the automated confirmation of target use of borrowing facilities. Specialists check result of work of technologies and make the final decision. Accuracy of extraction of data is up to 95%.

Can receive service as the acting borrowers of bank, and clients who did not take the credit in Sberbank. The client does not need to come to office any more or to provide a document package by e-mail. It is enough to leave the request through Sberbank Business Online service, having answered several questions. The applied intellectual NLP models of ABBYY automatically draw from the documents which are already stored in bank customer information which allows to help without participation of the person in adoption of the weighed decision on issuance of credit.

Implementation of the next financial product and solution development became possible thanks to long-term experience of Sberbank in financing of medium and large business. In total in 2019 the company concluded 1267 bargains on a design of "The credit for 7 minutes" for the amount of 125 billion rubles. By the end of 2019 the bank issued 15% of all turnover credits to large and medium business on this technology. Further Sberbank is going to replicate technology and experience and on other credit products.

2019

On January 22, 2019 the ABBYY company reported that Sberbank implemented intellectual technologies of ABBYY in the system of online monitoring of news automatically to analyze contents of messages about banks partners in Russian. As representatives of the company specified TAdviser, within the project the solutions ABBYY Infoextractor and ABBYY Smart Classifier were applied. Thanks to technologies of ABBYY in the online mode there is an aggregation and semantic analysis of news, their classification by different risk factors.

According to the company, for January, 2019 through models of ABBYY in real time there passes all volume of news about more than 1000 banks partners, and only relevant data automatically are included in the file now. It significantly lowered labor costs of employees on processing and structuring information.

Having studied world practice, we came to a conclusion that it is a little similar projects in banking sector for January, 2019. The project is decided to be developed further. Dzhangir Dzhangirov, senior vice president of Sberbank

The bank is going to carry out integration with the supplier of foreign news to start of monitoring of a news flow in English, to test and finish the implemented models and also to create classification of news by branches of the economy.

It was very interesting to us to take part in this project and to apply intellectual technologies of ABBYY to the solution of such difficult tasks. Work with news – an important part of risk management process. If the bank does not react to a significant information occasion in time, it can affect its reputation and financial stability. Intellectual technologies of ABBYY save employees of the bank from reading of all news flow that significantly increases the speed of reaction of bank, reduces labor input of process and increases analysis accuracy. Olga Morozova, director of work with the financial sector of ABBYY Russia

2012

For June, 2012 the company implemented more than 30 large projects based on product lines of ABBYY FlexiCapture and ABBYY Recognition Server, at the same time the average size of the transaction increased more than twice, in comparison with 2011. Significant projects in banks, insurance companies, the oil and gas industry and public sector are implemented. Among key customers there is ABBYY: Sberbank, VTB, Probusinessbank, Alfa-Bank, "NOMOS-BANK", Toyota Bank, Yugoriya, Rosgosstrakh, Ingosstrakh, SIBUR-TSOB, IES-Holding, Federal Tax Service, Ministry of Education of the Russian Federation and others.