Instabase (Accelerator)

Company Description: Instabase helps enterprises turn messy, unstructured data (e.g. statements, contracts, emails) into structured data to automate key business processes. Organizations can use Instabase platform to digitize their documents, split and classify by type (i.e. bank statements, passports, payslips, etc.), extract information regardless of the structure, and ultimately transform this information to be leveraged in business decisions. For example, a bank can quickly build an end-to-end solution that can automatically verify customer income in a fraction of a second by splitting up and classifying large packets of incoming documents, such as camera pictures or scans of paystubs, tax documents, bank statements, and other similar documents submitted by the customer, and extract, validate, and prioritize needed information from those documents. The platform comes equipped with the tools such as digitization via optical character recognition and data extraction and classification using deep learning. The Instabase platform enables the world’s largest institutions across industries such as Banking, Insurance, Healthcare and Federal to accelerate their digital transformation projects at scale - eliminating costs and improving customer experiences.