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CASE STUDY | FINANCIAL SERVICES
FinTrU Streamlines Regulatory Workflows with ABBYY Document AI
Partner Overview
Name: FinTrU
Headquarters: Belfast, Ireland
Web: www.fintru.com
Solution: TrU Label® Integration
FinTrU, a financial services firm headquartered in Northern Ireland with delivery centers across Europe and North America, provides some of the world’s top investment banks with technology-enabled lifecycle management solutions. To support global banks with their regulatory processes, the company built TrU Label: a platform for automating complex document workflows, powered by ABBYY AI.
ABBYY, in collaboration with FinTrU, brought a remarkable transformation to our product workflow. Their OCR capability is impressive, saving both time and effort while preserving quality. Their expertise in OCR is noteworthy, ensuring reliability and accuracy throughout. A trusted advisor in the digital transformation journey, ABBYY stands out as an innovative leader.
Phoebe Courtley, Senior Vice President of Product, FinTrU
Challenge
In capital markets, document automation ranges from handling simple, structured forms to digesting long, sprawling, unstructured annual reports. The latter is where things get complicated—and where FinTrU operates, supporting global investment banks in high-complexity areas like Know Your Customer (KYC) compliance and credit risk.
Analysts were spending hours reviewing thousands of inconsistent, often hundreds-page-long financial documents. FinTrU needed automation that could handle high volumes and varieties of financial documents while still meeting strict compliance standards for their clients.
Our products mesh perfectly to tackle those tricky problems in financial services. ABBYY’s got the wide-ranging IDP expertise, and FinTrU matches that with its deep understanding and high-quality regulation know-how. Together, it’s a winning combination.
Phoebe Courtley, Senior Vice President of Product, FinTrU
Solution
FinTrU developed TrU Label, a highly configurable document intelligence solution designed to automate data extraction from large, complex regulatory documents. To bring this to life, FinTrU partnered with ABBYY, integrating its advanced optical character recognition (OCR) and intelligent document processing (IDP) technologies directly into TrU Label. This allowed FinTrU to focus on its proprietary machine learning models and product differentiators, rather than building the full document recognition stack from scratch.
TrU Label includes pre-trained options for common regulatory use cases such as KYC, credit risk, and ISDA contract. With ABBYY’s IDP platform powering the document ingestion and data extraction layer, TrU Label was able to:
- Classify more than 54 types of capital markets documents.
- Extract more than 60 key data fields from complex financial documents using FinTrU’s industry-specific data model.
- Enable human-in-the-loop validation through a maker-checker workflow, where AI prefills information, a first reviewer verifies it, and a second reviewer confirms it for compliance.
- Produce audit-ready, annotated PDFs and clean, structured data that can integrate directly into bank systems, complete with data lineage for auditability.
FinTrU launched the platform with a multinational bank in late 2023. Since then, the automation engine has been delivering remarkable results.
Value
- 99% first-time pass rate in compliance review
- 96% document classification accuracy
- 40% improvement in document processing efficiency
- 40% reduction in manual data entry errors
- 15% cost savings
