Payslips play a key role in consumer lending. Earnings and deductions from Payslips form a key part of Income verification. Majority of retail lenders use data from Payslips to quickly process small ticket loans. Most of the times, this process is manual and becomes time consuming and error prone. Also, every company uses their own format of Payslips, hence making the data extraction from tons of Payslip formats in real time, a huge technology challenge.