ABACUS Digital has recently launched ABACUS Check, an AI-driven tool for analyzing bank statements. This innovative solution delivers results in just one minute, featuring advanced fraud detection capabilities. ABACUS Check offers precise and comprehensive financial insights, streamlining complex processes and saving up to 90% of traditional work time. The company aims to collaborate with major enterprises to lead the way into the era of tech modernization.

Dr. Sutapa Amornvivat, Founding CEO of ABACUS digital, shared that the company's success in offering lending services through the MoneyThunder application, which integrates technology at every step, has led to over 20 million downloads. This achievement has opened up credit access to individuals previously rejected by financial institutions, while maintaining a Non-Performing Loan (NPL) rate 3 times lower than the market average. This achievement is mainly driven by ABACUS Core Technology, or the ACT engine, an AI technology developed in-house by the company. This technology leverages bank statement as well as other alternative data sources to assess borrower risks.

Leveraging its AI expertise, the company has developed ABACUS check, the latest innovation under ABACUS techsuite, which elevates bank statement analysis to a new level. By precisely analyzing complex financial data, ABACUS check helps businesses reduce risks, boost competitiveness, and seamlessly adapt to the era of tech modernization. There are 4 key features of ABACUS check: 

1. Speed: Data extraction and analysis processes are completed in minutes, reducing work time by 90+%. 
2. Accuracy: Precisely detects fraud, edits, and tampering with high accuracy through metadata reading and analysis of suspicious financial behaviors. 
3. Comprehensive: Leverage AI to analyze data with over 100 customizable indicators, offering businesses a comprehensive overview across all dimensions. 
4. Tailored Insights: Provide insights through easily understandable metrics, such as Financial Health Rating, and offers fully customizable indicators to help businesses assess risks and opportunities with confidence.

Traditional OCR-based solutions mainly focus on automatically extracting and converting data into structured form; on the other hand, ABACUS check takes this capability further by also automatically enabling fraud detection through metadata and transaction data analyses and delivering advanced analytics utilizing over 100 customizable indicators to provide comprehensive, in-depth insights into customers’ financial profiles. ABACUS check is a valuable tool for businesses that need to verify and assess their customers' financial profiles. The solution assists organizations in making informed, data-driven decisions and will be useful to those involved in financial services, hire-purchase, real estate and beyond.

The company envisions ABACUS techsuite as a catalyst to help strengthening businesses across all dimensions. Committed to leveraging innovations to unlock new opportunities, we focus on continuous growth and development. Our plans include expanding ABACUS check to support a broader range of document and use cases as well as introducing new modules, such as the Customer Experience module and the Collection module. These innovations aim to help driving business growth, ultimately empowering businesses as they navigate through the era of tech modernization.

For those interested in ABACUS check and ABACUS techsuite services, you can learn more at abacusdigital ABACUS digital website: abacusdigital