Toward the realization of a society that fundamentally improves white-collar productivity,

Cinnamon Co., Ltd. jointly conducts demonstration experiment with NTT Data to improve operational efficiency of local banks using AI-OCR

Cinnamon Co., Ltd. (Representative Director and CEO: Mirai Hirano, hereinafter referred to as Cinnamon) has Japan's top level artificial intelligence (hereinafter referred to as "AI") document reading engine.

We conducted a demonstration experiment of AI-OCR for local banks in collaboration with NTT Data Corporation (President: Hiroshi Honma, hereinafter referred to as NTT Data).

 

 

Regional banks are experiencing intensified competition due to the spread of online banking due to the decline in the population and number of companies and changes in the information and communications environment, as well as shrinking loan-to-deposit margins due to prolonged monetary easing policies.

We are facing a difficult business environment. In this business environment,

Streamlining operations to improve profitability is also an important theme.

NTT Data has various financial institutions (including local banks) as customers,

We offer a wide range of IT services and solutions.

Specifically, we will develop advanced functions that can be used in bank management to demonstrate competitive advantage,

We provide solutions that quickly respond to customer needs and reduce system costs.

At Cinnamon, we use the AI document reading engine “Flax Scanner”.

We have already carried out demonstration experiments and actual implementation for over 50 customers.

In this AI-OCR demonstration experiment for local banks conducted jointly with NTT Data,

Used by local banks mainly for account transfer requests, private money order slips, and invoices.

Perform preliminary tuning on various non-standard forms,

We have considered making this service available to more local banks.

In the future, we aim to provide business-specific solutions that meet the needs of even more local banks.

 

 

■Scheme overview

From now on, Cinnamon will focus on improving white-collar productivity.

Build a further foundation as an AI platform,

We will work on developing various products that promote business improvement. in particular,

Following the “Flax Scanner” solution for local banks that utilizes AI-OCR,

We will continue to expand our product lineup of business-specific solutions.

 

 

[NTT Data Corporation Company Profile]

Company name: NTT Data Corporation
URL:https://www.nttdata.com/
Location: Toyosu Center Building, 3-3-3 Toyosu, Koto-ku, Tokyo
Established: May 1988
Representative: Hiroshi Honma, Representative Director and President
■Business details: NTT Data, as a transformation partner for our customers,

We provide IT services in over 50 countries around the world. global perspective and

From consulting to system creation, we have the ability to respond to the needs of customers in each region and country.

We provide a variety of services of the highest quality, from system operation to system operation.

 

 

[Cinnamon Co., Ltd. Company Profile]
Company name: Cinnamon Co., Ltd.
URL:http://www.cinnamon.is
Location: 6F Spirit Building, 3-19-13 Toranomon, Minato-ku, Tokyo
Established: October 2016
Representative: Mirai Hirano, Representative Director and CEO