Automate financial workflows with AI
Banks and fintechs still rely on manual browser-based workflows — from invoice processing and KYC checks to regulatory filings and payment reconciliation. Skyvern's AI agents navigate portals visually and automate these workflows end-to-end, adapting when layouts change.
Key workflows, automated.
From invoice processing to compliance filings — Skyvern handles the browser work so your team can focus on what matters.
Invoice Processing & Accounts Payable
68% of companies still key invoice data by hand. Processing a single invoice manually costs ~US$15 and takes nearly 14.6 days. 39% of invoices contain errors, and finance teams spend up to 20 hours per week on manual invoice processing.
Skyvern logs into vendor portals, downloads invoices, extracts line-item data and feeds it into your AP system — cutting per-invoice cost to US$2–3 and cycle time from 15–20 minutes to under 3 minutes. A single automated employee can process 23,000+ invoices per year versus 6,000 manually.
- Automated vendor portal login and invoice download
- Line-item extraction with structured JSON/CSV output
- Shortens DSO by 15–30 days
- Reduces bad-debt write-offs by up to 75%
KYC & KYB Verification
Banks spend US$2,598 per corporate client on KYC checks, with reviews averaging 95 days. Nearly 48% of banks lose customers due to slow KYC processes. Reviews remain largely manual and paper-based.
Skyvern automates identity capture, document validation, biometric verification and sanctions screening across verification portals — reducing onboarding time by up to 87% (to ~40 seconds) and driving a 250% increase in customer acquisition.
- Automated identity capture and document validation
- Real-time sanctions and watchlist screening
- Handles 2FA and CAPTCHA on verification portals
- Eliminates the 95-day manual review bottleneck
Regulatory Filings & Compliance
A multi-state fintech manages 300+ discrete compliance tasks annually — license renewals, surety bonds, call reports and net-worth certifications. 76% of compliance officers manually scan regulatory websites, and 77% still rely on manual processes.
Skyvern navigates state licensing portals, fills out renewal forms, uploads required documents and tracks submission confirmations. Automated compliance platforms cut manual effort by 40% and deliver 60% faster audit preparation.
- Multi-state license renewal and surety bond management
- Automated call report and certification filing
- Complete audit trail with timestamps
- Adapts to different state portal layouts
Payment Automation & Reconciliation
Businesses spend up to 15 hours per week reconciling payments. 30% of finance professionals' time goes to repetitive spreadsheet work, costing ~US$24,000 per analyst annually. Manual reconciliation causes organizations to lose ~5% of annual revenue to fraud and irregularities.
Skyvern extracts transaction data from banking portals and payment platforms, matches it against internal records and flags discrepancies — reducing reconciliation time by 70–90% and errors by 95%.
- Automated data extraction from banking portals
- Cross-system transaction matching and reconciliation
- Reduces fraud losses by 37%
- Frees tens of thousands in analyst capacity
Bank Statement Processing
Each mortgage application requires reviewing 4–5 bank statements averaging 5 pages with ~75 transactions per page (~450 data points). Manual verification has a 30% error rate and is the major bottleneck in loan processing.
Skyvern downloads statements from banking portals, extracts transaction data using computer vision and produces structured output — achieving 99% accuracy and reducing review time by 80%. Mortgage providers cut document handling time by 50–75% and reduce errors below 1%.
- Automated statement download from banking portals
- Computer vision extracts data from any format
- Handles complex 30–80 page statements
- Structured JSON/CSV output for downstream systems
Why choose Skyvern for fintech?
Purpose-built for the complexity of financial portals, with the security and speed your organization demands.
Navigate any web portal
Skyvern adapts to unfamiliar sites and handles dynamic layouts using visual perception and context understanding — no brittle selectors or XPaths.
LLM-powered reasoning
Understands context across financial portals — interpreting form fields, matching synonyms and making decisions across multi-step compliance and onboarding workflows.
Download & extract data
Logs into portals, applies filters, downloads invoices, statements or compliance documents, and outputs structured data in JSON or CSV format.
2FA & CAPTCHA handling
Automatically manages authentication flows including TOTP codes and CAPTCHA solving across secure banking portals and regulatory sites.
Resist layout changes
Relies on visual and semantic understanding instead of brittle selectors — workflows keep running even when portal designs change.
Scale concurrently
Runs thousands of workflows in parallel with enterprise-grade security — credential injection, audit logging and compliant handling of sensitive financial data.
Manual vs. automated
| Workflow | Manual | With Skyvern |
|---|---|---|
| Invoice processing (AP) | US$15/invoice, 14.6 days | US$2–3, under 3 min |
| KYC / KYB verification | 95 days, US$2,598/client | ~40 seconds |
| Regulatory filings | 300+ tasks/year, 77% manual | 40% less effort |
| Payment reconciliation | 15 hrs/week, 5% revenue lost | 70–90% faster |
| Bank statement processing | 30% error rate, slow | 99% accuracy, 80% faster |
Frequently asked questions
Common questions about Skyvern for fintech and banking automation.
Transform your financial operations
Fintechs and banks adopting AI automation reduce costs by 40–80%, accelerate onboarding from months to seconds and free their teams to focus on strategic finance and risk management.