The Aite-Novarica Commercial Banking FinTech Spotlight is a quarterly series of industry reports featuring vendors that offer innovative FinTech solutions to the commercial banking industry.
The spotlight series aims to provide commercial banks insight into emerging FinTech solutions that offer a unique selling point and innovative approach to solving common banking challenges.
KnowledgeLake’s cloud-native, end-to-end platform earned recognition in the spotlight for offering “all the key components of a modern, cloud-based IDP solution, including capture, self-teaching data extraction powered by AI and machine learning, process automation, and unlimited storage.”
Highlights
According to the report, KnowledgeLake's ability to automate document-intensive processes like account opening and loan processing can help traditional banks and financial institutions:
- Provide a better user experience
- Remove redundancies in workflows
- Meet regulatory and compliance needs