Connect with us

Top Stories

NEW ABBYY FINEREADER 12 GREATLY SPEEDS UP RECOGNITION AND QUOTATION OF TEXT FROM SCANS AND PHOTOS

Published

on

NEW ABBYY FINEREADER 12 GREATLY SPEEDS UP RECOGNITION AND QUOTATION OF TEXT FROM SCANS AND PHOTOS 3

Innovative Background OCR and Optimised Interface Enable Users to Instantly Open Document of Any Length and Quickly Recognise Any Area on It

ABBYY®, a leading provider of document recognition, data capture and linguistic technologies and services, has announced FineReader 12, the newest version of its award-winning Optical Character Recognition (OCR) and document conversion software application. FineReader 12 delivers enhanced performance for many processes and functions, including faster document conversion, the ability to quickly open documents of any length while OCR processing runs in the background, and instant recognition of a text or table area selected on the page. In addition, FineReader 12 offers enhanced accuracy for OCR on business documents and with Asian languages, as well as new image enhancement tools helping users to produce digital copies of documents with even higher visual quality than the originals.

NEW ABBYY FINEREADER 12 GREATLY SPEEDS UP RECOGNITION AND QUOTATION OF TEXT FROM SCANS AND PHOTOS 4“Serving as a bridge between paper and digital documents, OCR software is one of the essential tools to build an efficient working environment,” commented Ivan Bodyagin, director of the FineReader Desktop Products Department at ABBYY. “FineReader 12 was designed to provide a truly convenient way of digitising paper documents and working with the content — editing and quoting text, copying and reusing data, and adapting them for searchable archives.”

FineReader 12 delivers intuitive tools for scanning documents and converting images of documents into editable and searchable electronic formats such as Microsoft® Word, Excel®, PDF, TXT, popular e-book formats and more. ABBYY’s OCR technology delivers outstanding quality when “reading” printed text on documents in any of the 190 supported languages and their combinations. With its unique ABBYY Adaptive Document Recognition Technology (ABBYY ADRT®), FineReader “understands” a document’s logical structure, re-creating even large, complex documents with their native formatting attributes (e.g. headers, footers, page numbering, table of contents, etc.) across all pages. FineReader 12 offers a number of powerful improvements, they include:

  • Background OCR for Maximum Efficiency — FineReader 12 offers an innovative document conversion approach that enables users to open, view and start working with a document of any size immediately while it continues to be processed in the background. Unlike traditional approaches, which require a document be fully recognised before it is available for other actions, FineReader 12’s background OCR saves considerable time by providing access to all document pages at once. Additionally, FineReader 12 improves OCR processing speed up to 15 percent*.
  • Easy Extraction of Data and Text Quotation — With its optimised interface and newly added controls, FineReader 12 enables users to easily copy a table or formatted text from any selected area without the need to recognise the entire document.
  • Improved Accuracy on Business Documents — FineReader 12 includes a new tool for removing colour stamps and pen marks on scanned or photographed images, providing better recognition quality and improving the appearance of business documents. It also offers up to 30 percent* more accurate retention of charts and graphs and some other elements typical for business documents.
  • Seamless Conversion of Tables — FineReader 12 improves table conversion by up to 40 percent*, saving engineers, financial professionals or other specialists significant time and effort when working with numerical data.
  • Improved Accuracy for Chinese, Japanese, Korean, Arabic and Hebrew — FineReader 12 continues to lead the market in the OCR language support and features up to 15 percent improvement for Arabic OCR, up to 10 percent for Hebrew OCR, and up to 20 percent accuracy increase on Chinese, Japanese and Korean documents.
  • Easier Saving and Retrieving Files from the Cloud — FineReader 12 provides easier access to popular cloud storages such as Google Drive™, Dropbox™, SkyDrive® and more. Plus, direct integration with Microsoft SharePoint® Online / Office 365™ further facilitates document sharing.
  • Visual Quality Enhancement for Scans, Photos and PDF Documents — Improved ABBYY Camera OCR enables users to turn photos of documents into scanner-quality images, and offers new photo pre-processing functions such as auto crop of multiple images and whitening of the original document’s background. Additionally, the new PreciseScan technology from ABBYY smoothes pixelated characters on searchable PDFs, thus improving the visual quality of documents for easier reading, archiving or better printing results.
  • Faster and Easier Verification & Correction — The enhanced verification tool now allows users to apply both spelling and formatting corrections, with intuitive hot keys and tab controls that make it easy to navigate through the verification process.
  • Enhanced Hot Folder in FineReader 12 Corporate — Improved Hot Folder function for batch conversion of documents now speeds up overall conversion process, plus provides dual-core processing support. In addition, it offers more flexible naming options, allowing users to add prefixes and suffixes to file or folder names in order to better organise them.
  • Compatible with Windows 8 — ABBYY FineReader 12 is fully compatible with Windows 8 and utilises the new options provided by the operating system, including the ability to use basic touch gestures to scroll and zoom on laptops with touch screens.

Availability

ABBYY FineReader 12 Professional is available immediately through various online stores, selected retail outlets and resellers worldwide. ABBYY FineReader 12 Corporate, designed to meet the needs of mid-to-large businesses and organisations, will become available later in 2014. For detailed product information, or to download a free trial version of the application, visit: http://finereader.abbyy.com .

*According to internal ABBYY testing. Accuracy and formatting results can vary depending on factors such as document quality and scanner settings.

Top Stories

Using payments to streamline everyday transport

Published

on

Using payments to streamline everyday transport 5

By Venceslas Cartier, Global Head of Transportation & Smart Mobility at Ingenico Enterprise Retail

Once upon a time the only way to get from A to B on public transport was with cash – and likely a pre-paid ticket bought from a physical office. Nowadays, thanks to technological developments, options range from contactless and mobile payments, to in-app tickets and more. As payment methods advance, consumers and merchants are naturally moving towards Mobility as a Service (MaaS) systems, integrating various forms of transport services into a single mobility service, accessible on demand.

This move towards MaaS does not only streamline the consumer experience, it has other positive impacts too. Incentivising public transport use reduces environmental pollution, improves mental wellbeing by reducing travel-related stress, and aids productivity by freeing up time otherwise spent driving. With this in mind, let’s take a look at the current trends affecting the transport sector, as well as how payments can optimise transportation for both operators and consumers alike.

Optimising transport with payments

The payment process is integral to any service. A payment service provider (PSP) can provide a range of key benefits to operators by proving a gateway to the transportation open payment ecosystem, and ensuring they meet objectives in 3 key areas.

  1. Environmentally, by reducing the use of personal cars and alleviating pollution and congestion.
  2. Societally, making urban mobility more inclusive in terms of improving access to all areas and for all socioeconomic classes.
  3. Economically, by optimising investment in eco-structure and fostering financial transactions, therefore improving the wealth of the city.

Payments professionals’ expertise and technological solutions can make payments easy again for transport operators. They can provide a range of options so that the customer can choose which one is right for them, leveraging the capabilities of the mobility services’ infrastructure (contactless, mobile wallets, P2P, closed-loop, QR code, and blockchain).

Furthermore, they can help promote inclusion and sustainable urban development. For example, methods such as prepaid virtual cards, or mobility accounts linked to a prepaid account can reduce the risks of excluding the unbanked. The environmental impact per kilometre can also be reduced, along with the use of vehicles with lower emissions per person per kilometre.

Finally, PSPs can put merchants’ minds at ease, providing payment liability, allowing aggregation of all due amounts from all mobility service providers, and collecting payments in one single transaction from users while dispatching revenue between mobility service providers.

Managing coronavirus

Venceslas Cartier

Venceslas Cartier

COVID-19’s disruption to the travel industry cannot be overlooked. In fact, research suggests that public transit ridership is down 70% across the globe since the onset of the virus, longer distance travel has seen reductions of up to 90%, and payment by cash has seen a 60% drop.

Being realistic, these behavioural shifts are unlikely to revert anytime soon, so it’s important for merchants to keep this in mind when thinking about payment methods. More than 70% of consumers and travellers say they are likely to avoid the use of cash over the next six months. As a result, more than 40 countries have already raised their contactless payment threshold, further helping consumers to avoid contact with frequently touched pin pads.

However, the pandemic has only accelerated the way things were heading already and highlighted the benefits. Within the context of the pandemic, transportation needs to reinvent itself and adapt its processes to suit the shift in commuter habits that we’ve already seen and will continue to see in the future.

Other trends to keep an eye on

Contactless has been steadily growing on the transport scene, as have mobile payments and in-app purchases. In fact, the recent move to mobile and online ticketing is the most promising method so far, having seen significant growth in the last few years and having been accelerated by COVID-19 as discussed above. Once consumers move to these easy, convenient, and seamless methods, it’s rare that they revert – so it’s a good idea for operators to think how they can cater to these preferences.

Speed and convenience are a must for busy travellers – but not at the expense of data security. Finding the right payments partner is therefore crucial so operators can safeguard their customers’ personal data, while also keeping on top of other security regulations/features such as P2P encryption, PCI certification, and tokenisation.

Next steps for operators

Public transport is essential for many peoples’ everyday lives – COVID-19 or no COVID-19. As such, mobility service providers can make a great difference to their service and operations by implementing the right solutions.

Continue Reading

Top Stories

Grey skies ahead – Malta prepares for a gloomy 2021 if they can’t tackle financial crime

Published

on

Grey skies ahead – Malta prepares for a gloomy 2021 if they can’t tackle financial crime 6

By Dhanum Nursigadoo, ComplyAdvantage

With the summer drawing to a close, many countries who rely significantly on warm weather tourism will be assessing the impact of Covid-19. Being a small island in the middle of the Mediterranean you would expect Malta to be taking a significant economical hit – just like we are seeing in other popular European holiday destinations – but this doesn’t take into account the strength of the Maltese economy.

Emerging from the eurozone crisis with one of the most dynamic economies strategically positioned between three continents, Malta has had one of the lowest unemployment rates in the EU and has recently seen its GDP growth expand year-on-year.  But perhaps the most important aspect of the Maltese economy has been its attraction for foreign businesses with only a 5% tax on profits. It is no secret that Malta is a tax haven, probably one of the most effective tax havens in the world.

But you can’t pick and choose who takes shelter, and it’s no secret that money launderers have been taking advantage of the regulatory landscape in this archipelago.

The conditions of a tax haven suit criminal enterprises, who can take advantage of the opaque environment and blend their illegal activities with the same operations enjoyed by high net worth individuals and corporations who are looking to reduce their tax bill. And last year Malta’s keenness for secrecy and avoidance resulted in a damning report by Moneyval – the Council of Europe’s Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) body – which found that while the nation had made some efforts to curb money laundering there was still much to be desired in order to bring the tax haven up to standard. Overall, they were of the opinion that Malta viewed combating money laundering as a non-priority and this resulted in branding Malta with low to partial ratings for 30 out of the 40 Financial Action Task Force (FATF) recommendations.

The findings of the report were stated to have the potential to “create within the wider public the perception that there may exist a culture of inactivity or impunity”. This follows on from a series of international high-profile stories regarding Malta and financial crime. Most shocking was the murder of journalist Daphne Caruana Galizia – who investigated corruption and money laundering in her native country – and was killed by a car-bomb three years ago leading to international outrage and condemnation.

Now Malta is in a race against time to turn their reputation around or they will suffer genuine consequences. The FATF have threatened to place Malta on a “greylist” of high-risk jurisdictions unless they have shown a genuine commitment to combatting financial crime and implemented the recommendations of the Moneyval report. If they fail, this would make Malta the first EU country to make the list and join others such as Panama, Syria and Zimbabwe.

The pandemic has actually given Malta more time to meet these obligations, and it has been widely reported that an initial summer deadline has now been moved to October due to the widespread disruption.

As we head into the autumn, there are signs that Malta has begun to take action. The Malta Financial Services Authority (MFSA) has created and established an empowered AML now headed up by Anthony Eddington, formerly of the UK’s Financial Conduct Authority and who has previous experience of tackling anti-financial crime at Deutsche Bank. This team has already begun working closely with international experts, specifically partners in the US through the US embassy in Malta and the United States Commodities Futures Trading Commission (CFTC). In May this collaboration led to 25 new cases focused on money laundering in particular, and with plans to increase standard inspections and on-site investigations into businesses in Malta, it appears there is a change to the country’s priorities.

Importantly, the report highlighted a problem for countries that choose to become tax havens. In some cases it was not that the Maltese authorities deliberately turned a blind-eye, but simply that they did not have the necessary knowledge to effectively tackle financial crime in the first place. Law enforcement appeared unable to even recognise when crime was occurring.

But this blurring of financial compliance will not help businesses if Malta does indeed become “greylisted” this year. While not as devastating as being blacklisted (the two occupants of this list are Iran and North Korea) there are significant detrimental effects to being put on the FATF greylist. Although this signals that the country is committed to developing AML/CFT plans (unlike the blacklist) it still sends out a warning signal to the world that this is a high-risk area, with the country in question subject to increased monitoring and potential sanctions from the IMF and the World Bank. Make no mistake, being put on the greylist will be catastrophic for Malta’s economy.

It remains to be seen how the work to avoid such a calamity will affect Malta’s tax haven status. Perhaps with an increased fight against financial crime there will be less ability to defend one of Europe’s most competitive tax regimes. But if Malta does not show they are genuinely committed to tackling this problem, then the pandemic disruption to the island’s tourism may be minor in comparison to the grey clouds that now approach their shores.

Continue Reading

Top Stories

How will the UK prepare a supply chain for the distribution of the Covid-19 vaccines?

Published

on

How will the UK prepare a supply chain for the distribution of the Covid-19 vaccines? 7

By Don Marshall, Marketing role at Exporta.

The challenge of mobilising a supply chain for the introduction of a global and nationwide vaccine will be enormously complex. The process will be costly, and it’s likely the figures will stretch to the hundreds of millions for both the production of the vaccine itself and its distribution across the UK. We must prepare and plan a supply chain strategy to ensure it reaches those most in need in a timely and safe manner.

The task of immunising a whole population is something that has never been planned or likely imagined by anyone within a standard supply chain. A supply chain that goes directly from the manufacturer to the end consumer, or user/ patient in this case, is complex and goes beyond the scope of any single logistics company. It would have to be conceived and delivered via a large joint effort and collaboration between multiple organisations. Effectively distributing the vaccine will depend on the source of manufacture, its storage requirements, and protection of the vaccines from manufacture through to patient administration.

The majority of vaccines require storage within a specific temperature range and need to be handled safely and in hygienic conditions. Depending on where the vaccines are manufactured, the transport legs will vary; if they are coming from overseas, air freight will increase cost and complexity. In addition to supplying the vaccine, syringes, needles and containers also need to be taken into account when preparing the supply chain.

Securing the specific types of boxes or containers i.e. the lidded containers normally used for transporting pharmaceutical products will mean acquiring them from all available stockists and manufacturers. Delivery vehicles would then need to be considered, with temperature-control factored in. The medical supply chain can inform their approach to distribution by assessing data from previous supply chains, and how large quantities of vaccines have been sent out in the past. Collating successful vaccine delivery examples from other parts of the world would be advantageous here, the more we can do to prepare for a logistical challenge of this magnitude, the better.

The distribution of this COVID vaccine will be unique in its scale and for that reason, additional supply chains will need to be mobilised. Apart from medical supply chains, those best suited for this type of transportation are the fresh/frozen food industries and supermarkets. I would mobilise these businesses to assist with the vaccine’s distribution wherever possible and use their car parks and facilities for the temporary medical centres needed to administer the vaccine to the public.

Using the food industry and supermarket networks would leave the current pharmaceutical supply chains intact for health services, pharmacies and the NHS. It would protect those vital services and continue to serve communities across the UK. Inevitably, it would place a short term strain on food supply chains, but these are supply chains that are well-equipped and versed in coping with excess demand i.e. the spike endured from the brief spell of public panic buying at the start of the crisis. With adequate resourcing and planning, I believe the UK supply chain can and will handle this challenge.

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. 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 may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. 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 sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Reconnecting the retail brain: learning from the octopus 8 Reconnecting the retail brain: learning from the octopus 9
Business15 hours ago

Reconnecting the retail brain: learning from the octopus

By John Malpass, Retail Consultancy Practice Lead at Teradata An octopus has nine brains: one for each tentacle and plus one at...

How robotic technology will disrupt the manufacturing industry 10 How robotic technology will disrupt the manufacturing industry 11
Technology15 hours ago

How robotic technology will disrupt the manufacturing industry

By Marga Hoek, author of The Trillion Dollar Shift Robotics technology has the potential to disrupt industries across all sectors...

RPA, the software robots that finance and banking professionals need to hear about. 12 RPA, the software robots that finance and banking professionals need to hear about. 13
Technology15 hours ago

RPA, the software robots that finance and banking professionals need to hear about.

By Rory Gray, Vice President of Sales at leading software automation firm, UiPath, explains what role Robotic Process Automation (RPA)...

The rise of nomadic work: how to turn your remote team into a creative force 14 The rise of nomadic work: how to turn your remote team into a creative force 15
Business15 hours ago

The rise of nomadic work: how to turn your remote team into a creative force

By Paige Erickson, EMEA MD, Workfront During the first stage of the lockdown in the spring, almost half of Brits...

The value of digital identity in payments 16 The value of digital identity in payments 17
Finance16 hours ago

The value of digital identity in payments

By Vince Graziani, CEO, IDEX Biometrics ASA In ever more challenging times, the payments industry needs to maintain trust by...

Consumers in the COVID era can learn to embrace strong customer authentication 18 Consumers in the COVID era can learn to embrace strong customer authentication 19
Business16 hours ago

Consumers in the COVID era can learn to embrace strong customer authentication

By Ed Whitehead, Signifyd managing director, EMEA The changes that COVID-19 has caused in rapid succession make it hard to...

How NatWest used social media to better target its communications 20 How NatWest used social media to better target its communications 21
Business17 hours ago

How NatWest used social media to better target its communications

By DuBose Cole, Head of Strategy, VaynerMedia London For banks, it is imperative to reach their existing – and potential...

It’s time to press ‘reset’ on travel and expense processes 22 It’s time to press ‘reset’ on travel and expense processes 23
Finance17 hours ago

It’s time to press ‘reset’ on travel and expense processes

By Rudy Daniello, EVP of Corporations, Amadeus Travel & Expenses(T&E) is a large spend category for companies across the globe....

Covid-19 and the rise of remote payment fraud: how do we catch a digital thief? 24 Covid-19 and the rise of remote payment fraud: how do we catch a digital thief? 25
Finance17 hours ago

Covid-19 and the rise of remote payment fraud: how do we catch a digital thief?

By Evgenia Loginova, co-founder and co-CEO of Radar Payments Covid -19 is finding different ways to hurt our finances –...

Effective financial planning will secure businesses a certain future 26 Effective financial planning will secure businesses a certain future 27
Business17 hours ago

Effective financial planning will secure businesses a certain future

By Simon Bittlestone, CEO of financial analytics company Metapraxis 2020 has been an unpredictable year, bringing further volatility to already...

Newsletters with Secrets & Analysis. Subscribe Now