Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

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