Smart data integration via microtasking EY Building a better working world ==] _ for data processing cost with paper- ad are slow and based mice 22eSeetton Current Ca ae Lack muttis ZED pomceior Waly inecat its ym as systems Traditional NLP solutions lack O weno Se eet me te Confidentiality. Se ORC ura (OCR/ICR Data Entry 86% Automates, | ‘catty match 1382 outof 3 results mateh Cine 8 4a ba 1. Optimizing 2. outsourcing 3. Crowdsourcing improved External, Performance: automation cheaper based salary Faster overall workforce Low processing Reduced infrastructure Guaranteed infrastructure costs Quality contro! costs High-capacity savings Operational game-changers Oo fh & 54% less. 45% less time employees money Context: A large South-East Asian bank was struggling with processing disorganized paper documents and forms containing confidential customer data. The bank's existing solution involved 40 out of 70 of their forms being processed using a manual solution. Recommended configuration: ‘The automated invoice processing identifies the type of scanned forms and documents using document fingerprinting. ‘The information is then broken down into microtasks” for users to authenticate and verity » This approach allows for much faster sessing as users work with smaller jeces of information that have been ‘anonymized » The bank could potentially outsource data ‘entry and validation to offshore service providers to further processing costs Client impact: Higher overall data processing speed Merchant Summary Tickets ~ 63.76% faster Merchant Sales Slips - 55.24% ae ‘slips Loan Application Forms - 43.74% faster 100% secure without need for security clearances (anonymous microtasks) Varun Mittal Global Emerging Markets FinTech lead varun.mittal@sg.ey.com a = FinTech Hub www_ey.com/sg/FinTechHub ot ae