Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

ABBYY REAL-TIME RECOGNITION SDK ADDS INSTANT DATA CAPTURE FUNCTIONALITY

ABBYY REAL-TIME RECOGNITION SDK ADDS INSTANT DATA CAPTURE FUNCTIONALITY

The new point and capture functionality automates data entry on mobile devices for fast and effortless transactions.

ABBYY, a global provider of intelligent capture solutions to improve business outcomes, today announced the release of the new version of the ABBYY Real-Time Recognition Software Development Kit (RTR SDK) with added Data Capture functionality on iOS and Android mobile platforms. The Real-Time Recognition technology is capable of pulling text information from on-screen objects and automatically converting it into digital data on the mobile device.

Using the live video stream, the new RTR SDK is able to extract text and data even from complex textures and objects set in natural scenes. Delivering high text conversion accuracy, items converted using ABBYY real-time recognition technology require little to no verification by the user. The ‘point and capture’ technology enables software developers to build customisable apps that allow users to collect information from documents, objects and complex textures. It works by pointing the smartphone camera to display the text on the preview screen, following which, the data is automatically extracted and processed on the device. Mobile apps powered by the technology will help enterprises enhance processes such as customer onboarding and motivate existing customers to use self-service technologies.

“One of the challenges companies face in today’s business environment is the pressure to deliver data anywhere at any time. Our new point-and-capture technology speeds up data acquisition processes, reduces costs by facilitating customer onboarding, and increases customer satisfaction and loyalty by providing users with self-service capabilities. Thanks to Real-Time Recognition SDK, manual data input will very soon be a relic of the past as more and more forward-thinking organisations embrace mobile recognition and instant data capture,” comments Bruce Orcutt, Senior Vice President of Product Marketing at ABBYY.

A wide variety of enterprises and organisations, ranging from banks and insurance companies to logistics, healthcare and telecom, can increase customer satisfaction and loyalty through easy-to-use data capture-enabled applications. This can significantly speed up complex registration processes, such as opening an account, applying for a mortgage or loan, or entering a payslip. Instead of filling in paper forms by hand, which takes time to process and is error-prone, customers can now instantly capture the required data using their mobile handsets. The information is then directly transferred to an online form or custom app for processing.

The ABBYY Real-Time Recognition SDK provides an intuitive and accurate way to capture codes on loyalty cards, recharge scratch cards and vouchers, or serial numbers on devices, and input the extracted data into the required fields in the app. As no images are sent to the server or stored on the device, the ABBYY Real-Time Recognition technology is well suited for processes that require compliance with security and privacy rules.

Innovative features include:

  • Out-of-the-box capture of data from bank cards, IDs, driver’s licenses, and passports for a wide range of countries
  • Out-of-the-box capture of International Bank Account Number (IBAN) and information from Machine-Readable Zone (MRZ) of IDs
  • Support of custom data capture using regular expressions
  • Recognition and extraction of text of any colour from any background or complex textures

Specifications and availability

ABBYY Real-Time Recognition SDK is available for integration into new or existing applications for iOS and Android and supports 63 recognition languages, including Chinese, Japanese, Korean and Cyrillic. The ABBYY developer toolkit supports easy integration and offers code samples and quick-start guides to help developers get started.

For more information on the ABBYY Real-Time Recognition SDK or to request a trial, please visit the ABBYY website: www.abbyy.com/real-time-recogntion-sdk

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post