MonJa Launches Advanced Fraud Detection Feature for Safer Document Analysis. LEARN MORE

Understanding OCR: How it Works and Its Applications

In the digital landscape, where bytes replace paper, Optical Character Recognition (OCR) emerges as a transformative force, converting images of words into editable text. This sophisticated digital tool acts as a linguistic wizard, extracting valuable data from scanned documents, camera images, and image-only PDFs, effortlessly eliminating the manual data entry struggle. OCR exceeds being merely […]

Automating Bank Statements for Precision and Efficiency

In the ever-evolving financial landscape, precision and efficiency take center stage. Financial institutions, driven by the pursuit of streamlined operations and error reduction, have embraced automation. This has fueled the continued growth of automated bank statement processing, revealing the progressive role of cutting-edge automated data capture solutions that result in time savings, unparalleled accuracy, and […]

Artificial Intelligence In Lending

A woman's hand points to the brain icon, artificial intelligence

AI has revolutionized industries, including finance. It’s a powerful tool that can analyze data and find patterns. Financial institutions now rely on AI for customer service, risk management, and investment decisions. This article explores how AI is transforming lending – how it enhances efficiency, accuracy, and decision-making. AI is reshaping the way financial institutions operate, […]

MonJa Elevating Financial Security with AI-Powered Fraud Detection

New software release

MonJa is pleased to announce the release of an innovative fraud detection feature, engineered to significantly enhance OCR document automation for lenders, brokers and financial institutions. Leveraging artificial intelligence and machine learning, this sophisticated feature addresses critical aspects of fraud detection. A Quantum Leap in Financial Security MonJa’s new fraud detection feature, automatically zeroes in […]

How to Detect Fake Bank Statements

Due to the rise of unemployment after the pandemic, some businesses and individuals have become desperate to misrepresent their finances. DIRO’s report reveals a sharp rise in the usage of altered bank statements from 15% to 29% in September 2020, with a staggering 25% of applications going undetected. The 2022 Breach Report Data reveals that […]

MonJa's Digital Banking and Lending Monthly Roundup | March 2023

7 Minutes Read MonJa’s Digital Banking and Lending Monthly Roundup – Why Subscribe? Digital banking and lending are evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech’s are changing the competitive ecosystem, empowering lenders to process loans faster and smarter.  […]

MonJa's Digital Banking and Lending Monthly Roundup | February 2023

[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]7 Minutes Read MonJa’s Digital Banking and Lending Monthly Roundup – Why Subscribe? Digital banking and lending are evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech’s are changing the competitive ecosystem, empowering lenders to process loans faster and smarter.  […]

MonJa's Digital Banking and Lending Monthly Roundup | January 2023

[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]7 Minutes Read MonJa’s Digital Banking and Lending Monthly Roundup – Why Subscribe? Digital banking and lending are evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech’s are changing the competitive ecosystem, empowering lenders to process loans faster and smarter.  […]

MonJa's Digital Banking and Lending Monthly Roundup | December 2022

7 Minutes Read MonJa’s Digital Banking and Lending Monthly Roundup – Why Subscribe? Digital banking and lending are evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech’s are changing the competitive ecosystem, empowering lenders to process loans faster and smarter.  […]

MonJa's Digital Banking and Lending Monthly Roundup | November 2022

[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]7 Minutes Read MonJa’s Digital Banking and Lending Monthly Roundup – Why Subscribe? Digital banking and lending are evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech’s are changing the competitive ecosystem, empowering lenders to process loans faster and smarter.  […]