Systems and methods for generating notifications based on extracted data from documents using a machine learning algorithm. The method includes receiving a document uploaded by a user including data corresponding to the user. The method further includes receiving an indication from the user granting permission to extract the data from the document. The method also includes extracting the data from the document using optical character recognition. The method further includes determining a document type based on the extracted data and document format data using a machine learning algorithm. The method also includes verifying the extracted data based on the determined document type and user data. The method also includes identifying a triggering event corresponding to the document based on the extracted data and the user data. The method further includes generating a notification corresponding to the triggering event.