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In our ongoing quest to transform the financial services landscape, Teal is thrilled to announce the launch of our groundbreaking new product: the Payslip Reader. This latest advancement underscores our commitment to leveraging cutting-edge technology to streamline the lending process, enhance data accuracy, and bolster security measures.
What is the Payslip Reader?
The Payslip Reader is an innovative addition to our suite of financial products, designed to automate the extraction and secure sharing of information from payslip documents. Utilizing a sophisticated blend of Large Language Models (LLMs) and proprietary algorithms, this tool sets a new standard for the accuracy and efficiency of data extraction.
How does it work?
Borrowers can now upload their payslip documents through a webflow hosted by Teal, where the information is promptly parsed. The Payslip Reader meticulously extracts vital details such as identity, income, and employment information, ensuring the data is encrypted and securely stored in our database. Each document undergoes a rigorous verification process to confirm its authenticity, with an acute focus on detecting visual inconsistencies and metadata alterations.
Upon completion of the extraction, the data is seamlessly converted into JSON format and made accessible via our API. This process allows lenders to instantly receive and review the extracted information, enabling them to make informed lending decisions with unparalleled speed.
Security at its core
At Teal, we understand the paramount importance of data security and privacy. Our infrastructure is built on advanced security protocols, including robust data encryption, frequent security audits, and strict adherence to global data protection standards such as GDPR and CCPA. Our unwavering commitment to safeguarding user data against any unauthorized access or breaches is at the forefront of every innovation we introduce, including the Payslip Reader.
Get started
We invite you to explore the capabilities of the Payslip Reader and the positive impact it can have on your lending operations. Visit our website to learn more about this product and experience firsthand the efficiency and security it brings to the table.
