According to Elena Zyabbarova, head of the Moscow Department of Finance, AI automates the analysis of payment documents, allowing users to create and verify them online. AI analyzes information, detects errors and confirms its accuracy, which speeds up the process of transferring funds and makes it safer.
AI processes documents almost twice as fast as a human and can detect errors such as missing documents or incorrect details. The development took two months and analysis of 2,000 documents. The algorithm’s accuracy exceeds 90%, said Eduard Lysenko, head of the Moscow Department of Information Technologies.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.