Understanding the potential of computer vision

Computer vision is a form of artificial intelligence that can help manage data, explains Tackle AI co-founder and Chief Technology Officer Sergio Suarez Jr., in this episode of “The Buzz” Podcast. 

Currently, the financial services industry’s use case for the technology is in mortgages, where banks are utilizing it to assess risk. Computer vision can sort through pages of documentation to pull out key information, Suarez explains. 

“[Bank have] got to look for a bunch of data points that will help them make the determination whether it's good or bad,” Suarez tells Bank Automation News. “We're very good at looking through them and pulling out all the things we are looking for, such as … what's the interest rate? What's the amount of this loan? [Has the consumer] been late paying? How many times were they late?”