Everything You Need to Know About Cheque Extraction & Processing API
Cheque processing has long been one of the most resource-heavy tasks for banks. From physical handling to validation and reconciliation, manually clearing cheques is slow and error-prone.
Arya.ai’s Cheque Processing API revolutionizes this by automating field extraction from cheque images using OCR and AI.
Key Features Recap
- Read amounts (both numeric and written)
- Recognize and extract MICR, account, and payee details
- Match printed and handwritten fields
- Fast processing with confidence scoring
- Easily integrable into cheque clearing systems
Why It Matters
- Save Operational Costs: Reduce manpower for manual reading and validation.
- Faster Processing: Improve TAT for cheque clearing by 60–70%.
- Error Reduction: AI algorithms reduce common misread or skipped fields.
- Scalability: Handle thousands of cheques per day without scaling headcount.
Ideal For
- Banks managing bulk cheque volumes
- Lending platforms processing PDCs
- BPOs or vendors handling outsourced CTS
- Fintech platforms enabling digital deposit features
With Arya’s Cheque Extraction API, banks and businesses can modernize their cheque handling infrastructure, meet compliance goals, and deliver faster services to end users—all while reducing operational bottlenecks.