Ural Bank for Reconstruction and Development has introduced the domestic platform Beorg Smart Vision

2022: Introduction of Beorg Smart Vision

Ural Bank for Reconstruction and Development (UBRD) implemented a domestic platform Beorg Smart Vision developed by the resident "company," SkolkovoBiorg which announced this on October 11, 2022. The solution based on artificial intelligence() AI for automatic document digitization and image recognition made it possible to reduce time processing credit of application sets by more than 2 times - from 45 to 20 minutes. Together with other optimization measures, this made it possible to bank to increase the number of loans issued mortgage by 1.5 times.

Reducing the time from an application to receiving a service without loss of quality is one of the important tasks of the bank. To do this, we implement modern services and optimize our own business processes. In particular, we introduced auto scoring - that is, a more simplified borrower assessment system, applied an intelligent document processing service and launched a personal account where you can attach all documents in scanned form, - said Anna Sevostyanova, Managing Director of the Center for Mortgage Business Development, UBR.

Beorg Smart Vision technology provides consistent speed and continuity of the document recognition business process even during peak periods. The solution allows the bank to automatically check the completeness of the credit application, recognize the passport, work book, questionnaire on the form of the bank, including handwritten data, and verify the information about the borrower in different documents.

If earlier all the documents were checked by the employees themselves, now they simply upload the data to a special folder. The Biorg platform automatically checks documents for compliance with standards. As of October 2022, on the basis of the solution, we process up to 3000 credit kits per month, the data of borrowers are reliably protected, - said Anna Sevostyanova.

As Timur Khamzin, Deputy General Director of Biorg for Commerce and Development, explained, the data is transmitted via an encrypted channel (GOST) and additionally protected by a depersonalization mechanism: neural networks cut documents into pieces, digitized data is collected together only in a secure customer circuit.

We try to analyze the needs of our customers in detail and bring additional value to them: accelerate processes, minimize costs, improve the quality of data, while ensuring their security. We offer financial institutions up-to-date technologies for scoring users according to the KYC (know your customer) model: identity verification for documents, verification of documents for authenticity, checks for fraud, - said Timur Khamzin.

Up to 5 million fields with personal data are processed monthly on the Beorg Smart Vision platform. Biorg is a registered operator of personal data.