Verifi by Stac.ai: AI-Driven Risk Assessment and Loan Eligibility Verification for Financial Institutions

/ Generative AI on AWS use cases, Web Platforms / By

Description

Verifi by Stac.ai is a single-page application that uses AI to enhance risk assessment for financial institutions. It processes identity documents and bank statements using AWS Lambda and Easy OCR to assess loan eligibility and recommend banking products. The platform offers a user-friendly interface for seamless verification and analysis.

Practical Use Case and User Story

As a financial institution, I need a platform to automate loan application processing. The platform should verify identities using image processing, extract financial data from bank statements with OCR, and assess loan eligibility using AI algorithms. Users will upload documents via a React.js SPA, and AWS handles backend processing and data storage securely. This solution streamlines application review, enhances accuracy, and simplifies the loan approval process.

Tech Stack Involved

Frontend: React.js

Backend: AWS Lambda, Amazon API Gateway

Data Management: Amazon S3, DynamoDB

OCR Technology: Easy

OCR Security: AWS IAM

Deployment: AWS (Lambda, API Gateway, S3)

Demo

Click Below to View the Complete Demo

Click here

Want to achieve similar results?

We have helped hundreds of businesses in multiple geographies leverage the latest technology and build robust foundations for growth. Let us show you how!

Let’s talk