Automated text recognition for financial documents

FinCR is a tried and tested technology developed by Teylor, the leading provider of credit technology in Europe. We use FinCR in-house and financial institutions use the software for their data processing.

As FinCR processes thousands of datasets daily, we continuously improve the technology and adjust it to the requirements of a changing market environment.

FinCR was purpose-built for the text recognition of financial data, for example to read annual financial statements or bank statements. FinCR makes financial data machine-readable, completely replacing manual data entry.

Teylor has been using the technology for two years and has used it to process loan applications worth billions of euros. Financial institutions rely on FinCR as a key component of the Teylor SaaS suite, which financial service providers use to digitize and automate their lending and banking processes.

FinCR can be set up either via a browser-based interface or via an API interface so that it works in conjunction with existing software solutions. It reads a variety of document formats such as PDF, image formats or scans and translates the financial data into machine-readable formats such as CSV, XML or JSON.

Using modern artificial intelligence, FinCR enables improvements in efficiency, accuracy and speed and creates potential cost savings of up to 90%.

With FinCR you can free up your employees' time and allocate these resources to activities for which people are indispensable. This will improve your productivity, customer service, employee satisfaction and profit margin. Register today and take your company one step further into the digital age.