SAN FRANCISCO, CA / ACCESSWIRE / June 14, 2023 / MonJa, a leader in intelligent automation for financial institutions, announced today the release of an advanced fraud detection feature into its OCR document automation software. This innovative feature offers automatic identification of potential fraud signals in bank statements, tax returns and other financial documents.
Previously in private beta, this newly introduced fraud detection capability within the MonJa Document Platform represents the company's continued commitment to not only deliver the highest level of security and reliability for its clients, but also to help clients automate manual workflows.
James Wu, CEO of MonJa, shared, "In the past few months, we have detected an increased number of fraudulent or altered financial documents. This latest feature aims to not only to make document management easier and more efficient, but also to add a safety net against fraud. We want our clients to feel at ease knowing they've got this extra safeguard in place. Our company is continually working towards meeting the evolving needs in financial document analysis."
The advanced feature automatically scans and analyzes bank statements and other documents for possible indicators of fraudulent activities. It works by leveraging AI and machine learning algorithms to detect inconsistencies and anomalies that could suggest fraud, offering financial institutions an additional tool to safeguard their operations.
MonJa's new feature provides users the essential tools to protect their business, marking a significant leap forward in secure document analysis and management.
MonJa is a leading provider of cutting-edge automated solutions for document management and underwriting, designed specifically to meet the needs of lenders, brokers and other financial institutions. With a focus on innovation, MonJa continually evolves its offerings to deliver efficient, secure, and reliable solutions for its clients in the financial sector.
SOURCE: MonJa Corporation