In our previous blog (Can Financial Institutions Modernise Without Losing Control?), we explored how Nexus FrontierTech’s Financial Statement Extractor (FSX) helps financial institutions automate financial reporting with full transparency, auditability, and human oversight. (

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This time, we look at what that means in real business terms.

The Challenge

A top-tier global bank – one of Nexus FrontierTech’s long-term clients – was facing a familiar challenge shared by many financial institutions: manual, time-consuming financial statement reviews.

Each report took up to six hours to complete, with teams spending long hours on data entry, cross-checking, and validation.

The process was slow, inconsistent, and difficult to trace, creating operational bottlenecks that delayed credit assessments and lending decisions.

The Solution: FSX in Action

With Nexus FSX, the bank’s analysts can now process the same financial statements in just 10–15 minutes – while maintaining full control and transparency.

Every figure extracted by FSX is fully traceable back to its original source document, ensuring that all results are verifiable and audit-ready.

The system delivers 90%+ accuracy, 200% greater team capacity, and real-time validation to support credit and risk management workflows.

The Business Impact

By automating financial data validation and statement analysis, Nexus helped this global bank unlock measurable business outcomes:

• Faster processing times – from 6 hours to 15 minutes per report
• Improved compliance – every number traceable and auditable
• Higher efficiency – doubling analytical capacity without expanding headcount
  
• Strategic growth – enabling profitable entry into the sub-$10M SMB lending market
  

This success demonstrates that AI in finance isn’t about replacing human expertise – it is about amplifying accuracy, control, and decision-making speed through responsible automation.

Trusted AI That Delivers Results

At Nexus FrontierTech, we believe automation must serve both business performance and governance integrity.

FSX combines explainable AI with transparent auditability – helping financial institutions modernise reporting, improve ROI, and operate with confidence.

See It in Action

Discover how FSX turns compliance into a competitive advantage – and what measurable impact trusted AI can bring to your institution.

Watch FSX Solution Demo

If your institution is ready to make financial reporting faster, smarter, and more transparent – we would be pleased to connect.
Contact us → https://nexusfrontier.tech/contact-us/