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Absa Deploys AI to Speed Up Debt Review Process
['Staff Writer']
IT News Africa | Business Technology, Telecoms and Startup News
Absa Deploys AI to Speed Up Debt Review ProcessAbsa has deployed an artificial intelligence and Optical Character Recognition (OCR) solution within its Debt Review operations, cutting document-processing times and reducing the amount of manual work required from employees.
Debt review is typically a document-heavy process, requiring information from multiple providers to be received, classified, captured and processed before a case can move forward.
Kendrick Chauke, Absa National Manager for Debt Review, said the technology has changed how the team handles repetitive administrative work.
“The introduction of an AI/OCR solution in the Debt Review team has enabled us to automate manual processes and improve operational efficiency,” he said.
The development could also have a direct impact on consumers going through debt review, where delays in processing documents can slow down the overall process.