Document processing platform Parashift has partnered with regtech company IMTF to integrate its autonomous data extraction solutions with IMTF applications.

The integration will enable companies to easily map out processes such as mortgage applications, KYC, or general inbox processing with minimal manual interactions.

Founded in 2018, Parashift’s technology allows for data extraction without configuration and training, with its machine learning models trained at the field level and across use cases.

Aside from IMTF, Parashift also serves clients such as Swiss cantonal bank BLKB.

Mattia Rüfenacht

“The partnership between IMTF and Parashift reflects the need of banks and financial institutions for business processes to be fast, smooth, and automated.

As the demand for document and compliance process automation increases, partnerships like the one with IMTF help serve this demand and guide business leaders worldwide in their digital transformation,”

said Mattia Rüfenacht, Head of Business Development at Parashift.

Gion-Andri Büsser

“With this integration, IMTF and Parashift are working together to simplify data management across organisations and drive operational improvements. This enables our customers to automate internal processes significantly and ultimately serve clients better”

said Gion-Andri Büsser, CEO of IMTF.

Featured image credit: edited from Unsplash