MatScan AI: Financial Document Intelligence Reimagined
Automating Bank Statement & Payslip Extraction Using OCR, N8N, and Multi-LLM Pipelines
Client Overview
A UAE-based FinTech company partnered with Prakash Software Solutions Pvt. Ltd. (PSSPL) to eliminate the tedious process of manually extracting financial data from bank statements and payslips. Lenders, mortgage brokers, and credit analysts who use structured financial data to evaluate clients are served by the client’s platform.
Their objective was to create a real-time, AI-powered pipeline that reads, comprehends, and converts scanned documents into organized, useable data for client dashboards.
Industry
FinTech / SaaS
Location
UAE
Company Size
50+ employees
Project Duration
3 Months
Services Provided
- OCR Workflow Automation with N8N
- Multi-LLM Integration (Mistral, Qwen, Claude 3 Sonnet)
- Webhook Setup for Real-Time File Uploads
- Smart Document Parsing & JSON Structuring
- API-Based Web Integration
- Testing, Optimization & Monitoring
Technologies used
OCR Engine
N8N
Mistral
Qwen
Claude 3 Sonnet
Webhook & APIs
Challenges
MatScan AI was more than just another OCR tool. Processing extremely variable, frequently low-quality documents, such as scanned payslips and bank statements, and extracting organized, verified data for end-user presentation was the problem.
Key Challenges We Addressed
- Processing non-standard PDFs and scanned photos in various formats.
- High error rate from manual validation of income and bank data.
- There is no automated process to connect document intake to the web dashboard.
- Multilingual LLM parsing and formatting into usable JSON is required.
- Real-time delivery expectations from client dashboards
How PSSPL Helped
We created and implemented MatScan AI, a scalable, reliable document processing pipeline powered by AI that extracts financial data with minimal human oversight.
We were able to produce a dependable, highly accurate solution within short turnaround times because to our agile methodology and excellent cross-team cooperation.
“MatScan AI isn’t just automation—it’s precision at scale. It transformed how financial data is extracted and delivered for real-time decision-making.”
Rahul Pandey
Senior AI Developer, PSSPL
What MatScan AI Delivers
Webhook triggers allow administrators to upload documents, which then automatically enter the pipeline.
OCR programs are used to parse scanned PDFs and pictures for raw text.
AI-Powered Document layout is mapped by parsing LLMs (Mistral & Qwen), which also extract context-rich chunks; Claude Sonnet produces neat, organized JSON outputs.
Data accuracy, format alignment, and consistency are guaranteed via auto-validation logic.
The user-facing interface receives extracted financial data with structured summaries via API.
Reimagine Financial Document Processing with AI
Financial platforms, administrative teams, and underwriters can now automatically and quickly extract income, balance, and transaction data from payslips and bank statements thanks to MatScan AI. Regardless of how many papers you handle each day—ten thousand or ten thousand—your activities grow more intelligent, efficient, and error-free.
No More Manual Data Entry. No More Delays. Just Accurate, Structured Financial Insights—On Demand.
Intelligent Extraction. Real-Time Results. Zero Human Effort.
Implementation Journey
Discovery & Workflow Design
Analyzed document formats, mapped fields, planned pipeline.
Pipeline Engineering
Developed OCR modules, N8N workflow, and webhook trigger.
AI Integration & Tuning
Claude Sonnet, Mistral, and Qwen were integrated for parsing.
Go-Live & Monitoring
Deployed system, connected API with frontend, added logging.
Testing & Validation
Testing in the real world with various document kinds.
Key Outcomes
End-to-End Automation
No manual data entry or parsing—fully hands-free workflow
Cross-Format Support
Handles PDFs, scans, and even low-resolution uploads
5X Faster Turnaround
Structured output delivered in seconds, not hours
99%+ Accuracy
High-precision financial field extraction with LLMs
Ready-to-Integrate
Reduces hiring teams' weekly coordination hours significantly.
Project Highlights
Reimagine Document Handling with AI
No more slow, error-prone financial data extraction.
MatScan AI processes bank statements and payslips instantly with high accuracy.
Fully Automated | LLM-Powered | Real-Time Ready