Strategic consulting and technology services providing company Impactsure Technologies announces it has joined the Google Cloud Partner Advantage program.
Impactsure, which is built on Google Cloud, will enable financial institutions and corporate customers to introduce AI and ML solutions to drastically increase operational efficiency while reducing compliance risks.
Recently the company was awarded Best Trade Finance Implementation Award in the best adoption of tools and governance category by IBS Intelligence Global FinTech Innovation Awards 2021.
Impactsure’s Trade Finance solution would enable banks, financial institutions, and corporations to manage critical processing and compliance-related requirements through advanced intelligent data analytics and document processing.
CEO and Founder of Impactsure, Dharmarajan, said, “Being a technology partner to Google Cloud is a significant development for Impactsure. It will enable us to expand our market presence through advanced data security tools that support compliance and data privacy.”
The Secure Unified Responsive Engine (SURE) of Impactsure scans, processes, classifies, and extracts structured and unstructured data from documents in various file formats, which streamlines complex corporate banking and trade finance operations that are labor-intensive, error-prone, and subject to stringent compliance regulations.
Mumbai-based technology consulting organization Impactsure was founded by Ashish Mohan Jha, Dharmarajan S, and Subramaniyan Neelakandan in 2019. The company specializes in providing artificial intelligence solutions to enable users to examine documents used as supporting documents for bank guarantees, letters of credit, credit operations, remittances, collections, mortgages, discounting, treasury documents, and many others.
Its customer base includes clients from various industries such as legal, education, BFSI, pharma, shipping, healthcare, manufacturing, and more. Impactsure’s products have helped its clients save more than 80% on human labor by allowing them to process complex documents in less than 10 minutes.
“Our products help human operators reduce the time taken to inspect complex documents by identifying different types of discrepancies, highlighting exceptions, and uncovering hidden patterns,” said Founder Director and CTO of Impactsure, Subramaniyan Neelakandan.