Efficient Document Processing with OCR Technology

Automating routine tasks for efficient banking

Mobile banking is now more efficient than ever with our OCR technology. The solution eliminates the need for manual data entry, automatically recognizing and completing information from scanned documents such as invoices, ID cards, credit cards, and contracts.

This technology helps both financial institutions and customers with repetitive tasks which translates into faster processing times, less errors, stress-free payments and more satisfying user experience.

Key Features of our OCR solution

Offline Functionality

Real-time scanning without the need for server communication.

Data Validation

Automatically checks data accuracy before submission (e.g., VAT, bank account numbers).

Versatility

Compatible with many document formats and can scan from both physical and digital sources.

We can Bring Your Vision into Reality

Create something extraordinary with our specialized expertise. We consult your needs, provide an in-depth development plan, and guide you on the best paths for future development. Ready to act immediately, our agile teams deliver efficient support and customized SLA services to keep your product thriving.

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Frequently Asked Questions

1. How can OCR be applied in digital onboarding and KYC processes?

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FINANTEQ’s OCR technology automates the extraction of data from documents, facilitating more efficient and accurate onboarding and KYC processes. This automation removes the need for manual data entry, minimizes errors, and expedites customer verification in both mobile and web banking environments.

2. What types of documents are supported by the OCR solution?

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The OCR solution typically supports identity documents such as passports, ID cards, and driver’s licenses, as well as financial and onboarding-related documents. Specific document coverage can be tailored to regional and regulatory requirements.

3. Is the OCR solution compliant with banking security and data protection standards?

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FINANTEQ’s OCR operates within secure banking environments and is engineered to comply with industry standards for data protection and regulatory requirements, thereby ensuring the secure handling of sensitive customer data.

4. Which languages are supported by the OCR system?

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The OCR solution supports multiple languages, allowing banks to serve diverse markets. Language support can be expanded according to specific project requirements and regional demands.

6. What deployment options or software formats are available?

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FINANTEQ provides flexible deployment options, including integration through application programming interfaces (APIs) or software development kits (SDKs), with support for both cloud-based and on-premises environments, depending on the bank’s security and infrastructure needs.

Services Valued by Clients

FINANTEQ is an excellent development partner that supports the customers' full digital banking experience through the app. They execute an agile methodology while delivering quality outputs. Their competence and attention to detail make them stand out.

National Bank of Kuwait

FINANTEQ genuinely understands our needs and has been helping us shape our product development since day one. The app has been launched, and the end users are enjoying it, receiving favorable ratings on both the App Store and Google Play. FINANTEQ uses an agile approach, utilizing Jira and Confluence and communicating via RocketChat and Webex. So far, the client is happy with ongoing support from the team.

BNP Paribas

The app has been nominated in the Mobile Trends Awards and has received high ratings in App Store and Google Play. FINANTEQ’s outstanding work is reflected in a high-quality app that has gone through rigorous testing. The team was agile and utilized multiple communication channels for collaboration.

mBank

Banking is a demanding industry, and the Finanteq Team is well specialized in the field. They are experts who do not only deliver, but also advise on the best possible solution. In my opinion, FINANTEQ consists of excellent professionals with the proper attitude – they are communicative, experienced, proactive, accustomed to solving problems, understanding and accepting "banking realities", and flexible. Most of the developers provided by Finanteq are considered to be top developers among the team members.

Santander Bank Poland