http://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=10677The automation processing utilises natural language understanding (NLU) and machine learning (ML), such as intelligent document processing (IDP) in order to automatically capture, extract, and classify data from documents, such as fund prospectuses, corporate events announcements, order confirmations, and tax documentation.
BNP Paribas Securities Services revealed it has automated the processing of 500,000 documents a year.