IT@BANK 2023 | Iron Mountain | Empowering Polish Banking with Innovative Solutions: Iron Mountain’s Role in a Transformative Journey

Aaron Kalvani
Global Director of Product Enablement.

At the heart of this lies KYC (Know Your Customer) technology. KYC automates the process of customer identity verification by capturing, classifying, and extracting essential information from documents. This innovation offers a fully automated, API-driven solution that accelerates validation and verification, enhancing customer onboarding and regulatory compliance for banks across Poland.

As compliance deepens, the commitment to data security and environmental sustainability is further exemplified by securing digital data and state-of-the-art scanning facilities in Radom. This process ensures the safe and responsible disposal or recycling of paper and data center equipment. Iron Mountain’s services guarantee the secure handling of sensitive data, aligning perfectly with the banks’ dedication to data security and regulatory compliance.

In parallel, automated content extraction utilizing cloud-based intelligent document processing (IDP) technology is streamlining operations within the banking sector in Poland. This technology extracts valuable insights from non-standardized documents, using Machine Learning, Large Language Models and reducing manual labor and facilitating informed decision-making. Coupled with Generative AI, to populate metadata with the correct context.

The journey towards operational excellence continues with the reduction of paper-based processes. By embracing digital transformation, banks in Poland are decreasing their reliance on paper documents, resulting in substantial cost savings and heightened efficiency.