SCANit is used in many of the larger investment banks around the world to assist in the processing of treasury deal confirmations that are received by fax, or any other mechanism that requires manual identification of the deal data.
SCANit is not a generic data extraction tool that is parameterised to pick up date & amount fields from a template document layout.
SCANit is specifically designed to “understand” the requirements of each message type it is necessary to extract, including identification and validation rules that are specific to each MT. Specifically, SCANit can read:
SCANit is particularly suited to the extraction of complex transactions, like deal confirmations, because it uses innovative and powerful techniques for its data extraction. In particular it: