DeepQuanty Artificial Intelligence Labs Announces the Launch of its First Product ‘SnapChek’ – The CIOL
DeepQuanty Artificial Intelligence Labs is proud to announce the launch of its first product – SnapChek – an Automatic Cheque Processing Engine, powered by Artificial Intelligence (AI). Designed and built by a patent pending process, SnapChek delivers above 90% extraction accuracy on any handwritten field such as date, name, amount in words and amount in figures and near 100% extraction accuracy in printed fields such as account number, MICR, and IFSC Code.
Mahadevan Jayaram, Co-Founder & Chief Revenue Officer says “SnapChek provides banks in India a significant opportunity to enhance banking experience. Imagine the reduction in turnaround time for cheque clearing.”