AI-powered document extraction for finance & insurance companies

Insurance companies and financial institutions often struggle with complex, inflexible core systems which hinder their agility and response to fast-changing market conditions. Customers meanwhile expect more mobile-first capabilities and convenient self-service options than ever before. Document extraction and automation is what helps these organizations stay competitive. With Parashift, insurance companies can automate to quickly process applications and reduce claims processing times. Banks and other financial institutions can deploy the Parashift technology save time on operational costs like consumer and mortgage loan application processing, while still keeping customers engaged and informed.

Overcome limitations and drive impact at scale from automation using AI OCR.

Lean on powerful technology to scale back manual processing and achieve operational productivity.

Significantly reduce regulatory and compliance risk with human-robot collaboration.

Together with our partners, we help you implement impactful use cases

At Parashift, we build on industry expertise of our partners to always provide you with the best possible solutions.

Discuss your requirements

Learn more

Learn more

Account activity
Securities trading
Insurance policy
Pension statement
Insurance correspondence

Extract information from banking & insurance documents

Banking and insurance have become highly competitive markets where margins have plummeted due to rising cost bases and low-interest rates. World-class customer experience is more important than ever when it comes to selling insurance and financial services. With Parashift, you set up a foundation for new and improved customer-centric applications for value-added service.

Request a demo

Explore doc types

Shortlist of things we enable you to do

Parashift helps you deliver best-in-class customer service and improved business processes.

Transform your KYC process

By automating customer onboarding, you deliver nimble and seamless customer experience. Parashift helps you drive down operational costs, enhance regulatory compliance and accelerate your organization’s time to revenue.

Streamline loan and mortgage applications

When you simplify, automate, and otherwise speed up loan and mortgage applications and closings, you ensure exceptional experience that cultivates customer loyalty. Automation not only saves you time and money, it helps your products and services stand apart from the competition.

Blazingly fast claims processing

Regain agility and save valuable resources by reducing the amount of manual, paper-based tasks. Using Parashift’s document extraction technology, you also reduce the amount of preventable errors.

Empower customers with self-service

A digital self-service or assisted-service model helps you build customer loyalty and retention. With Parashift, you provide your customers with autonomy, control, functionality, and visibility they expect, with faster processing, fewer errors, and greater efficiency.

Learn about use cases and more

Loading posts...

Finance & Insurance

IDP helps health insurers with specifics in billing records and documents

There isn't a health insurance company out there that doesn't...

June 1, 2021

Finance & Insurance

Automated extraction of bank and stock exchange transactions for digital asset managers

Wealth managers, oh what a wonder, manage wealth. The scope...

February 16, 2021

Software our customers have integrated us with

We want to make it as easy as possible to integrate powerful data capture technology into your existing software infrastructure and business processes. It's why we focus on building interfaces into the most popular enterprise software available.

Talk to us

Trusted by companies worldwide

Ready to accelerate automation for your company's document-based processes?

Integrate Parashift to dramatically cut costs and increase efficiency.

Parashift helps you automate structured and unstructured document processing, easily and seamlessly. We integrate with your existing software to provide a valuable service for your business processes.

Ready-to-use document types make it easy to get started. Or, quickly create new document types with our user-friendly document type editor.

Stop wasting valuable resources on manual data entry. Let Parashift power your automated document processing, with fast and reliable results.

Get in touch

We'll get back to you asap!