finance_ops · finance · workflow
Grid Finance Approves Loans 2x Faster With 93% Accurate Income Data Capture
Grid Finance, an Irish income verification and lending company supporting SMBs, needed to process bank statements and pay slips faster and more accurately to scale its lending operations.
How it works
Common implementation structure
How this type of workflow is generally built, generalized across documented cases — not tied to any one vendor's stack. Click any stage to read what happens there. Specific products that implement these stages appear in “Tools commonly seen” below.
Stage 1 · Bank statement / pay slip intake
Bank statements and pay slips are submitted for income verification as part of the loan process.
Tools used
Machine Learning model
Outcome
Grid Finance now approves loans 2x faster with 93% accurate income data capture, processes bank statements and pay slips 90% faster, and has improved its document extraction process tenfold in accuracy and speed.
Results
Volume2x Faster
Grounding & classification
Source type: vendor customer story
20 fields verified against source quotes.
data extractiondocument aiidpbank statementmetric backednamed customertools describedworkflow describedfinancial servicesaccuracy improvementcycle time reductiontime savedvendor customer storyfinance opskyc amldocument to record