A bank handles large volumes of cheques in the clearing process. The process involves manytechnical verifications including signature verification. Some of these steps are manual andrequire human intervention to complete the process. The current process requires a highhuman capital deployment and longer processing time.

Major Problems:

1. Cheque clearing processes can take up to 3-4 working days to complete.
2. High probabilities of human error.
3. The inconvenience of physical submission.
4. No feedback