About us
Novo AI is at the forefront of revolutionizing the financial industry with cutting-edge generative AI technologies. Our solutions streamline operations and maximize insights for financial institutions, enhancing efficiency and decision-making processes. By leveraging large language models and advanced AI, NovoAI empowers insurance companies and banks to automate complex tasks, optimize pricing strategies, and improve customer satisfaction.
- Website
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https://heynovo.ai
External link for Novo AI
- Industry
- Software Development
- Company size
- 2-10 employees
- Headquarters
- Remote
- Type
- Privately Held
- Founded
- 2022
- Specialties
- Insurtech, Fintech, generative AI, and Artificial Intelligence
Locations
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Primary
Get directions
Remote, SG
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Get directions
Remote, US
Employees at Novo AI
Updates
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Have you ever wondered why, despite technological advancements, reading invoices still feels like a manual, error-prone process? OCR (Optical Character Recognition) has helped, but it only extracts text without understanding it. Consider currency: Most invoices don’t state their currency, creating challenges for companies processing international invoices. OCR can’t distinguish between dollars, euros, or yen. Humans, however, can deduce the currency by glancing at the provider and address. What if AI could do the same? It’s not just about reading numbers and text. For cross-border payment companies, understanding the purpose of an invoice is crucial. Extracting items isn’t enough; invoices need to be summarized, categorized, and matched intelligently. Our AI solution achieves this with the accuracy of human understanding, minus the errors. Take hospitals, for example. They often provide both summaries and detailed breakdowns in invoices. OCR can extract the text but can’t differentiate between a summary table and a detailed one. Invoices are the universal language of business transactions. It’s time we taught our machines to understand this language effectively. With NovoAI, we’re not just reading invoices; we’re revolutionizing how businesses process and understand them. #AIRevolution #InvoiceReading #BusinessAutomation #NovoAI #CurrencyRecognition #SmartAI #TechInnovation #FutureOfWork