Press "Enter" to skip to content

Tag: banking

Innovation vs. commoditization: understanding millennials in banking & financial services

My generation of 2.5 billion millennials around the world will soon have the collective capacity to generate $1.4 trillion of purchasing power by 2025. There are 92 million millennials in America today, the biggest generation in US history, even more than the Baby Boomers. It’s obvious why banks and financial service institutions are keeping a sharp eye on the millennial demographic. “One of the largest generations in history is about…

Putting business into customers’ pockets

If you want to see a bank customer wince, ask him to manually input some long numbers into your system. Yet in this digital transformation times, a large number of payments made by customers are still done by keying in data manually. The data that many businesses still require customers to provide range from account numbers, bank’s routing numbers, tax code numbers, tracking numbers to ID cards and passport numbers.…

Innovation developers choose ABBYY SDKs powered by Machine Learning & AI

Leading innovative software developers are working to incorporate advanced Optical Character Recognition (OCR) and data capture into their applications and solutions to tackle the problems of today’s global digital transformation disruption. Whether it’s mobile, cloud, on-site or in hybrid environments, ABBYY has always provided developers the proven toolsets necessary to accurately capture and extract critical information on-demand, from virtually anywhere in the world. Traditional ABBYY OCR technologies still play a…