Tag: OCR

KYC Portal has unveiled its new Self Check-In module, enabling instant verification of individuals directly from within its back-office platform.

Navigating the maze of tax compliance is often a delicate task for firms, with any misstep potentially leading to regulatory penalties and customer dissatisfaction. Simply collecting tax documentation is no longer sufficient. FinTech companies now face the challenge of collecting these documents in a seamless, friction-free manner while upholding compliance standards. By adopting AI and enhanced OCR technologies, firms can transform document collection into an efficient and transparent part of the customer journey.

Birake Exchange has announced its collaboration with IDVerse, the leading global digital ID verification firm previously recognised as OCR Labs Global.

Financial Institutions (FIs) are integrating digital technologies into their infrastructures, sparking a transformation in customer experiences and enhancing operational efficiency. This shift has made a dramatic impact on account opening and verification processes.

In a recent post by Fenergo, the company outlined how digital transformation is changing the way people open accounts.