MonJa Launches Advanced Fraud Detection Feature for Safer Document Analysis. LEARN MORE
MonJa’s Smart Scan Technology is for automating loan underwriting and review procedures. It extracts and processes the information from the 1040 forms with improved accuracy and speeds up the process by 70%.
This leads to reduced operational costs and an efficiently streamlined process.
Many credit, banking, and financial institutions have to collect and assess a number of 1040 forms on a daily basis. Processing these forms manually usually takes multiple working hours and entails higher chances of human errors.
This demands a solution that can quickly extract the data from the 1040 forms and present that information in a structured manner.