The ABBYY Vantage Bank Statement document skill is a fully trained, production-ready AI model that extracts crucial data points from bank account statements issued by US American banks.

Bank account statements are vital financial documents sent by banks to account holders at regular intervals, typically monthly. These statements provide a detailed overview of account activity, including transactions, account holder information, and balances at the beginning and end of the reporting period.

The Bank Statement document skill has been fully trained on a large document set and provides high accuracy of data identification and extraction. It can be further used for proof of income processes within customer onboarding and Know Your Customer processes.

This skill can be combined with other document skills by ABBYY such as the ID skill, the Personal Earnings Statement skill, the Utility Bill skill, the IRS Forms 1040 and W2 document skills for completing the proof of identity, proof of income and proof of residency requirements within customer onboarding.

• Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
• The model automatically detects key fields on bank account statements and extracts relevant data such as bank name, account number, account holder, currency, ending balance, date etc. For a full list of extracted fields, please see the skill documentation.
• Business rules for data validation can be added as required.
• Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
• The skill is ready to be used in production and does not require further training on your specific documents, however the model can be further improved through continuous learning, based on feedback during the manual review phase.