Glib.ai
AI-powered document processing platform specializing in BFSI workflows with integrated fraud detection and compliance automation.
Overview
Glib.ai is a bootstrapped AI company focused exclusively on banking, financial services, and insurance (BFSI) document processing. Founded by Dr. Mohit Shah, the company differentiates itself through integrated fraud detection and risk mitigation capabilities rather than competing as a general-purpose IDP vendor.
In 2021, the company secured two marquee clients - a leading education lender and top-tier NBFC in India - validating its vertical specialization strategy. By early 2025, Glib.ai positioned itself as a thought leader in BFSI digital transformation, with Dr. Mohit Shah participating in panels on secured lending automation at three major industry conferences.
The company's technical approach combines traditional document extraction with proprietary ML algorithms for fraud detection and compliance validation, creating defensible differentiation in regulated financial services markets.
Key Features and Benefits
- Bank Statement Analyzer: AI-driven credit assessment with predictive analytics and integrated fraud detection
- Invoice Processing: Proprietary ML algorithms for multi-format extraction with supplier validation
- KYC Automation: Identity document processing with cross-validation against internal and external databases
- Fraud Detection: Real-time suspicious transaction identification and account reconciliation
- Compliance Logging: Comprehensive audit trails for regulatory requirements
- Human-in-the-Loop: Exception handling interface for flagged documents while maintaining automation efficiency
Use Cases
Banking and Lending
- Credit Assessment: Automated bank statement analysis for loan decisioning with risk scoring
- KYC Processing: Identity verification for customer onboarding with fraud detection
- Document Verification: Proof of address, income statements, and financial document validation
Insurance Claims
- Claims Processing: Death certificates, claim forms, and supporting document automation
- Policy Underwriting: Risk assessment through automated document analysis
- Compliance Documentation: Regulatory filing and audit trail generation
Financial Operations
- Account Reconciliation: Automated matching and exception identification
- Invoice Management: Supplier validation and payment processing automation
- Regulatory Reporting: Compliance document preparation and submission
Technical Specifications
| Component | Details |
|---|---|
| AI Technologies | OCR, NLP, Computer Vision, Deep Learning, Proprietary ML Algorithms |
| Document Types | Bank statements, invoices, identity documents, financial statements, ITR, GST returns |
| Processing Volume | Millions of documents annually (20 lakh+ for major implementations) |
| Accuracy Rate | 99% extraction accuracy with real-time validation |
| Integration | Core banking systems, insurance platforms, lending workflows |
| Compliance | Audit trails, regulatory logging, fraud detection alerts |
| Deployment | Enterprise-scale with straight-through processing capabilities |
Resources
- Glib.ai Homepage
- IDP vs OCR Blog Post
- KYC Enhancement Blog
- Indian Bank Case Study
- SBI Life Insurance Case Study
- GitHub Repository
- Recent News and Updates
Contact Information
For more information about Glib.ai's BFSI-focused document processing solutions, visit their website or contact their team directly through the resources provided above.
