Authenticating loan applications

Financial organizations receive significant volumes of loan applications every day. While the major organizations have switched to fully digital processing, there are still many banks and institutions across the world that rely on paper documents. To illustrate our example, let's go back to our fictitious banking corporation, LiveRight Holdings Private Limited, and review the requirements for this use case:

• LiveRight offers a number of lending products to its customers, which are primarily small-to-medium businesses and individual consumers. To apply for a loan, consumers fill out a paper-based loan/mortgage application form that is validated by a team of experts to determine the authenticity of the application (called the authenticity-check process). If found to be a valid applicant, LiveRight's loan processors will request supporting documentation from the consumers for pre-approval qualification.
• LiveRight receives anywhere...