Product Archives - truID - Open Finance changes everything

AI OCR: The Foundation of Reliable Lending

May 13, 2026

Branch credit applications are now at least 𝟰× faster – 25-minute processes reduced to under 5-minute end-to-end assessments. Powered by truID’s AI OCR. Despite all the talk about APIs and digital channels, the reality is that most credit applications still start with documents: • Paper bank statements • Scanned PDFs • Downloaded eStatements uploaded in-branch […]

Screen-scraping Based Retrieval and APIs: The Co-Existence Phase

May 13, 2026

Under the National Credit Act and its amendments, credit providers are required to perform affordability assessments before granting credit. In practice, this means reviewing a customer’s bank statement data – either through physical statements, uploaded PDFs, or digital retrieval. South Africa processes roughly 18 million credit applications per quarter – around 6 million per month. […]