Kodak Alaris is a digital transformation company that empowers businesses, governments and consumers to derive actionable insights from data. AI Foundry is a business unit of Kodak Alaris that focuses on process automation for mortgage lending companies. Historically, mortgage workflows face challenges with manual processes for underwriting loan applications, human error in ensuring regulatory compliance and excessive turnaround time on disbursals.

Recognic streamlines this process by building a custom deep learning model trained over thousands of data files with the ability to extract data from major US bank statements, a variety of credit reports, 1040 tax returns and associated documents. This ensures faster turnaround times on loan approvals, enhanced regulatory compliance and increased accuracy levels compared to traditional manual workflows between the front and back office.