Automate Cheque Processing with Azimut’s AI-Powered Software

Manual cheque processing is time-consuming and can also lead to discrepancies, increasing operational costs and causing unsatisfied customers. For banks managing high cheque volumes, these inefficiencies can become a significant challenge. Azimut's AI-powered cheque management solution—offers a smarter way to process cheques—faster, more securely, and with far fewer errors.

The Challenges of Manual Cheque Processing

For banks still relying on manual cheque processing, the following challenges are all too familiar:

• Slower Operations: Large cheque volumes lead to longer processing times and an overburdened staff.
• Fraud Risks: Without advanced fraud detection, counterfeit or fraudulent cheques may go undetected.
• Human Errors: Manual data entry can lead to mistakes, causing delays and extra work.

These inefficiencies can have a ripple effect on your operations, leading to customer dissatisfaction and higher operational costs.

How Azimut Transforms Cheque Management

Azimut offers an AI-driven, fully automated approach to cheque management. Here's how it can transform your bank's operations:

• AI-Powered Data Extraction: Using AI-driven technology, our cheque processing software extracts data from cheques with incredible accuracy—even reading handwritten fields like payee names and amounts. This reduces manual data entry and the risk of human error.

• Straight-Through Processing (STP): STP automates the entire cheque processing workflow, ensuring that inbound cheques are handled without any manual intervention. This leads to faster, error-free processing and eliminates bottlenecks in your operations.

• Comprehensive Built-In Validations: The software comes with a set of powerful validation tools that help ensure accuracy and reduce fraud:

  • Customisable Rules: Tailor validation settings based on your bank’s compliance requirements
  • Date Checks: Automatically flag post-dated, expired, or invalid dates to avoid processing errors
  • Amount Verification: Ensure the numeric and written amounts match for accurate deposits, with AI-powered legal amount recognition
  • Signature Capture and Verification: AI-powered signature matching to validate authenticity and prevent fraud

• ISO 20022 Compliance: With support for the ISO 20022 messaging standard, Our software ensures structured, data-rich messaging for cheque transactions. This improves compatibility with global banking systems, reduces errors, and supports seamless domestic and cross-border operations.

• API Integration: Our cheque processing software integrates smoothly with your bank’s existing core banking systems, automating real-time cheque data extraction and transfer for quicker and more accurate processing.

• Oversight Mode: The Oversight Mode gives you complete visibility into the cheque processing cycle. It enables you to audit historical data, track errors, and ensure compliance with your bank’s policies.

• Modular Architecture: The modular design allows your bank to scale and adapt as needed. You can easily add or remove features to align with your operational and regulatory goals.

Cheque Processing for Banks

Here’s why our cheque processing software is ideal for banks across the globe:

• On-Prem Deployment: Ensure sensitive data stays within your infrastructure for greater control, security, and regulatory compliance.
• 24/7 Banking Support: Enable after-hours cheque deposits through self-service kiosks, providing customers with more flexibility and reducing branch congestion.
• Enhanced Accuracy: Minimise human errors with automated validations and AI-powered checks for improved compliance.
• Real-Time Monitoring: Track cheque deposits, approvals, and compliance through an intuitive, easy-to-use dashboard.

Take the Next Step Discover how Azimut can automate your bank’s cheque processing operations. Schedule a demo today and unlock the potential of modular architecture to transform your workflows.