> Automate invoice processing, KYC/KYB verification, regulatory filings, payment reconciliation, and bank statement processing with Skyvern's AI-powered browser automation for fintech and banking. Fintech & Banking Solutions # 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. Start Building Now SOC2 Type II 2FA & CAPTCHA Handling Invoice Processing KYC / KYB Compliance Reconciliation AI-powered automation across all financial portals ## 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 The Problem 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's Solution 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. $15→$3 Cost per invoice 80% Faster cycle time 23K+ Invoices/year automated - 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 The Problem 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's Solution 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. 87% Faster onboarding ~40s Per customer 250% More acquisitions - 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 The Problem 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's Solution 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. 300+ Tasks/year automated 40% Less manual effort 60% Faster audit prep - 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 The Problem 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's Solution 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%. 70–90% Time reduction 95% Fewer errors $65K Capacity recovered - 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 The Problem 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's Solution 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%. 99% Extraction accuracy 80% Faster review <1% Error rate - 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 Invoice processing (AP) Manual US$15/invoice, 14.6 days With Skyvern US$2–3, under 3 min KYC / KYB verification Manual 95 days, US$2,598/client With Skyvern ~40 seconds Regulatory filings Manual 300+ tasks/year, 77% manual With Skyvern 40% less effort Payment reconciliation Manual 15 hrs/week, 5% revenue lost With Skyvern 70–90% faster Bank statement processing Manual 30% error rate, slow With Skyvern 99% accuracy, 80% faster ## Frequently asked questions Common questions about Skyvern for fintech and banking automation. ### How does Skyvern handle regulated financial data? Skyvern is SOC 2 Type II certified with TLS 1.3 encryption in transit and AES-256 at rest. Self-hosted deployment gives full data sovereignty. Credentials are stored in isolated encrypted vaults with role-based access. Every action has an immutable audit trail. ### What fintech workflows can Skyvern automate? Skyvern automates invoice processing and AP (reducing cost from $15 to $2-3 per invoice), KYC/KYB verification (87% faster onboarding), regulatory filings and compliance, payment reconciliation (70-90% time reduction), and bank statement processing (99% extraction accuracy). ### How does building with Skyvern compare to building in-house? Most teams that build browser automation in-house spend 3-6 months and $200K-$500K+ before reaching production reliability. That includes 2-4 weeks of engineering per workflow, weeks of anti-bot R&D per target site, and ongoing maintenance every time a site updates. ### Can Skyvern handle multi-factor authentication on banking portals? Yes. Skyvern handles username/password injection, TOTP/MFA automated code entry, session persistence across runs, OAuth flows, and SSO/SAML — covering the full range of authentication methods used by banking and financial portals. ## 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. Start Building Now SOC2 Type II 2FA & CAPTCHA Handling --- - [Sitemap](https://www.skyvern.com/sitemap.xml) - [llms.txt](https://www.skyvern.com/llms.txt) - [Documentation](https://www.skyvern.com/docs)