ORC in banking refers to a specific term or technology related to the banking industry. It might stand for Optical Character Recognition, which is widely used in banking to convert scanned documents into editable and searchable data. ORC facilitates efficient data processing, reducing manual efforts and enhancing accuracy in banking operations.
7 answers
CryptoPioneer
Wed Nov 06 2024
OCR for bank statements represents a groundbreaking technology.
SakuraSpiritual
Wed Nov 06 2024
This technology leverages Optical Character Recognition.
Tommaso
Wed Nov 06 2024
OCR is capable of extracting text data from various sources.
Sofia
Tue Nov 05 2024
One primary source is scanned bank statements.
Bianca
Tue Nov 05 2024
Additionally, OCR can handle digital bank statements with ease.