Client Overview
This SaaS platform automates document-intensive processes by transforming unstructured data into actionable insights at scale that significantly enhances enterprise productivity. It is built for the Banking, Financial Services, and Insurance (BFSI) sector where it automates document-heavy processes across a range of functions including Credit, Trade Finance, KYC, and Insurance Claims. The platform eliminates manual data handling, reduces errors, and delivers high-quality insights instantly by extracting, classifying, comparing, and analyzing data from diverse document formats.
An Innovative and Scalable Solution
A pivotal shift is underway in SME lending, where traditional processes often hinder timely decision-making. Today, an estimated 70–75% of critical loan information remains locked within unstructured documents, creating significant bottlenecks. These inefficiencies not only delay credit approvals but also compel many MSMEs to turn to costly informal lending channels, limiting their growth potential.
This challenge is being addressed through an optimizing solution that converts unstructured document data into fully structured Credit Assessment Memos (CAMs) in under an hour. By streamlining and accelerating the credit assessment process, financial institutions—including banks and NBFCs—are now able to make faster, more accurate lending decisions, achieving turnaround times up to 10x quicker than traditional methods.
The Problem We’re Solving
The process of preparing a Credit Assessment Memo (CAM) is riddled with challenges:
- Fragmented Data: Scattered across scanned papers, PDFs, Excel sheets, and even public websites.
- Long Turnaround Times: Currently takes 1–4 weeks to prepare a single CAM.
- Inconsistent Quality: Outcomes vary based on the analyst’s experience.
- Scalability Issues: With 2.8 crore credit applications processed in 2023–24 and projections of 6.5 crore by 2029–30, the system faces significant strain.
Without automation, the ability to manage this scale efficiently and accurately becomes increasingly unsustainable.
Our Solution
We help in simplifying and accelerating SME credit assessments using cutting-edge technology to generate CAM reports in just one hour.
Key capabilities include:
- Advanced Data Extraction: Pulls relevant data from a broad range of documents.
- Intelligent Validation: Performs smart checks for consistency and accuracy.
- Web Integration: Gathers supporting information from online sources.
The result is a consistent, high-quality, and insightful output—every time.
Outcome and Impact
As a result the company now delivers a scalable, transparent, and highly efficient credit assessment process that significantly enhances speed, accuracy, and overall productivity. By automating and optimizing key workflows in BFSI operations, the platform addresses urgent challenges in SME lending and broader financial services.
OpenTurf Technologies is proud to support—a cutting-edge SaaS platform that is innovating the BFSI sector by enabling real-time document processing and data-driven insights at scale. Through close collaboration, our team helped them create a secure and scalable solution capable of generating Credit Assessment Memos (CAMs) in under an hour, reducing operational costs and dramatically improving turnaround times for banks and NBFCs. The company stands at the forefront of fintech innovation, solving critical challenges in document-heavy environments and setting a new benchmark for productivity and intelligence in financial decision-making.
