DeepQuanty Artificial Intelligence Labs has announced the launch of its first product – SnapChek – an Automatic Processing Engine, powered by AI. Designed and built by a patent pending process, SnapChek delivers above 90 per cent extraction accuracy on any handwritten field such as date, name, amount in words and amount in figures and near 100 per cent extraction accuracy in printed fields such as account number, MICR, and IFSC Code.
Mahadevan Jayaram, Chief Revenue Officer, DeepQuanty Artificial Intelligence Labs, said, “SnapChek banks in India a significant opportunity to enhance banking experience. Imagine the reduction in turnaround time for clearing.”
Sundar Kanniappan, CTO, DeepQuanty Artificial Intelligence Labs, commented, “Our AI team is proud to have solved a very old handwriting recognition problem in an unconventional fashion, which puts SnapChek way ahead in performance when compared to known and published benchmarks. The first of a slew of exciting products that will be launched in the next few months.”