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Synthetiq

by DigiFi · Since 2018
No reviews yet
ActiveAvailable globallyCloudFree tier
Quick facts
VendorDigiFi
Year launched2018
StatusActive
LocationUnited States
Countries servedGlobal
Languages10
Integrations1+
Free tierYES
Free trialYES
Contact salesN/A

About Synthetiq

Synthetiq is an AI assistant software from DigiFi that provides automated data extraction. It combines accurate real-time OCR, data cleaning, and user-friendly interfaces so users can eliminate manual data entry tasks. Synthetiq simplifies the process of capturing and managing data, ensuring high accuracy and efficiency. This software is particularly beneficial for organizations that require quick access to reliable data for decision-making and operational needs. Key capabilities: real-time data extraction advanced OCR technology data validation tools integration with existing systems customizable workflows Best for: businesses that need to automate data entry processes and improve data accuracy.

**Synthetiq by DigiFi** is a modern AI-powered data extraction platform developed to automate the processing of financial documents and structured data for lending and financial services industries. Created by **DigiFi**, a technology firm known for its next-generation digital lending infrastructure, Synthetiq is designed to help financial institutions reduce manual workload, improve decision accuracy, and streamline operations by converting unstructured data into structured formats. Key features include intelligent document understanding, contextual data extraction, customizable workflows, and API-based integration for seamless data ingestion from various sources such as income statements, tax documents, pay stubs, and bank statements. The user interface of Synthetiq is clean, well-organized, and built with efficiency in mind. Users are greeted with a streamlined dashboard that provides access to processing queues, extraction accuracy metrics, and document upload options. The drag-and-drop functionality for document upload, paired with real-time status tracking, makes the platform highly intuitive. A unique interface feature is the “Smart Highlighting” capability that shows extracted fields directly on the document for visual validation.

Pros & Cons

Pros
  • Leverages advanced AI to deliver highly accurate and very fast data extraction
  • Processes data without human intervention and is SOC 2 Type 2 certified, ensuring maximum privacy and security for sensitive information.
  • Offers a pay-as-you-go model with no monthly minimums and free credits, making it accessible and scalable for various business sizes.
  • Capable of extracting data from both PDF and various image formats, and supports both standard and custom document types
  • Provides flexible APIs and 24x5 customer support, simplifying integration into existing systems and workflows.
Cons
  • there might be occasional edge cases or complex document layouts where accuracy could be less than 100%
  • While it supports common image and PDF formats, it has a specified maximum of 5 pages and 10MB per file, which might be restrictive for very large documents or batches.
  • As a relatively new solution utilizing 2023 generative AI, some businesses might prefer more established solutions, despite Synthetiq's rigorous testing with DigiFi.
  • it likely requires an internet connection for processing, which might be a limitation for some specific operational environments.
  • While offering custom templates is a pro, setting them up for highly unique document types might require an initial investment of time and effort to train the AI accurately.

Features

Key features

AI-Powered OCR for Documents and Images

Synthetiq utilizes state-of-the-art AI-powered OCR to extract data with high accuracy from both PDF documents and various image file formats

Standard and Custom Document Types

The platform offers a range of preset document types for common use cases, but also provides the flexibility to create custom templates for specific or niche document structures.

Fast, Fully Automated Processing

Unlike traditional OCR solutions, Synthetiq's AI automates the data extraction process, delivering results very quickly without human intervention.

Secure, Human-Free Data Processing

Data processed by Synthetiq undergoes AI-powered extraction without any human involvement.

Flexible API for Developers

Synthetiq provides flexible APIs, making it easy for developers to integrate the data extraction capabilities into their existing products or services.

Pay-as-you-go Pricing with Free Credits

The software operates on a pay-as-you-go model with no minimum monthly fees, offering a cost-effective solution.

Additional features

Real-time Data Processing

Processes documents and delivers data quickly.

Cost-Effective

Aims to reduce costs associated with manual data entry.

Document OCR

Converts scanned documents and images into machine-readable text.

Data Cleaning

Ensures the extracted data is accurate and usable.

Browser and API Upload

Users can upload documents via a web browser or through the Synthetiq API.

JSON Data Output

Extracted data is returned in a structured JSON format for easy integration.

Support for PDF Documents

Capable of extracting data from PDF files.

Support for Image Files

Supports JPG, PNG, BMP, WEBP, and JPEG image formats.

State-of-the-art AI-powered OCR

Leverages advanced AI for exceptional data extraction.

Pay-as-you-go Pricing

Charges based on usage without fixed monthly fees.

No Monthly Minimums

Flexibility in pricing.

$150 in Free Credits

Provides initial credits for testing.

99.9% Uptime Guarantee

Ensures high availability of the service.

No Credit Card Required to Sign Up

Low barrier to entry for trials.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Monthly plans

STANDARD
USD 0.15/mo
billed monthly

Countries & Languages

Global
Countries served
10
Interface languages
24
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchRussianChineseJapanese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇰🇷KRW🇮🇳INR🇷🇺RUB🇿🇦ZAR🇲🇽MXN🇸🇬SGD🇭🇰HKD🇳🇴NOK🇹🇷TRY🇧🇷BRL🇮🇩IDR🇸🇦SAR🇦🇪AED🇲🇾MYR

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