Document Automation for Banks

Automate Your Banking. Own Your Time.

Veryfi helps banks of all sizes modernize operations by automating document capture, data extraction and fraud detection. Loan applications, bank statements, KYC forms and wire transfer records that once required manual data entry are now captured, extracted and organized in seconds, from both paper and digital sources. The result is faster processing, fewer errors and fewer bottlenecks, so your teams can spend less time keying in data and more time serving customers. Veryfi also powers modern mobile banking features like Mobile Check Deposit (MCD). Customers can deposit checks securely from their smartphones while Veryfi extracts account numbers, routing numbers and amounts in real time, which means faster check clearance, lower fraud risk and the capacity to handle higher transaction volumes. Add automated processing for compliance forms and deposit slips, and banks get a faster back office and a better customer experience.

• Mobile Check Deposit

  
  Branch deposit still means a trip, a teller, and a hold. A mobile deposit lets the customer photograph the check in the app. Lens captures the front and back, rejects blur and images that are not a document, and can run offline. Bank Checks OCR returns the MICR line, routing and account numbers, courtesy and legal amounts, payee, date, memo, signature, and endorsement so a clean item can move toward funds availability.

• Deposit Fraud & Funds Availability

  
  Reading the check is the start. The job is deciding whether to release the funds. Early Warning Services checks the item and the drawer account for status, return history, fraud reports, and duplicate presentment. Account Fraud Score rates this check on this account from 0 to 100 using amount versus history, velocity, check type, signature, and endorsement. Clear items auto-approve on the normal schedule. The rest get a Reg CC exception hold or a reviewer. 53% of banks spend at least an hour reviewing each alert (Liminal).

• Lending & Underwriting

  
  Loan files still arrive as PDFs that underwriters key by hand. Bank Statements OCR pulls transactions, balances, and cash-flow patterns for the credit decision. W-2 OCR adds wages and tax data when income has to be verified. AnyDocs reads application forms that do not have a dedicated model, and PDF Splitter breaks a mixed packet apart before extraction. Fraud Detection flags an altered statement before the decision posts.

• KYC & KYB Onboarding

  
  Onboarding stalls when someone types an ID or a business license into a form. Driver’s License OCR covers all 50 US states plus federal and UK documents. US Passport OCR reads the identity page. Article of Incorporation OCR extracts entity, ownership, and governance data for know-your-business checks, and AnyDocs covers licenses and forms that are not a fixed template. Lens captures the document in the app or the browser. Fraud Detection and the AI Fake Document Detective catch an altered or synthetic ID before the account opens.

• Bill Pay & Accounts Payable

  
  Bill pay still means keying the vendor, the amount, and the line items off an invoice. Invoice OCR returns vendor, invoice number, line items, tax, and payment terms across 91+ currencies and 38+ languages, which is what a three-way match needs. Lens is the capture step in a mobile or browser bill-pay flow. Fraud Detection flags an altered bill or a duplicate before the payment is released.

• Expense Management

  
  A card or banking app asks the customer to snap a receipt and then retype the merchant and the total. Receipts OCR returns the merchant, line items, tax, tip, and payment method in those same 91+ currencies and 38+ languages. Lens captures in poor light and offline. Fraud Detection and the AI Fake Document Detective catch a manipulated receipt or a synthetic image before reimbursement.

• Document Fraud Detection

  
  Fraud is its own product, not a field on a single document type. Fraud Detection flags altered bills, manipulated receipts, duplicate documents, and suspicious patterns across checks, statements, invoices, and receipts. The AI Fake Document Detective marks images produced by generative models. On a check deposit those signals sit next to MICR, signature, endorsement, and the Early Warning Services and Account Fraud Score decision, so a reviewer opens only the items that failed.

• Back-Office Document Capture

  
  Wire records, deposit slips, compliance forms, and loan packets still land as scans. Lens for Mobile and Lens for Browser are the intake, on paper or on a digital file. Document Classification routes a mixed inbox to the right model. PDF Splitter separates a file that holds more than one document. Known types go to Bank Checks, Bank Statements, or Invoices. Everything else goes through AnyDocs, so the back office stops rekeying.