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Tag: finance

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…

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…

How much automation can finance processes achieve?

Despite noticeable efforts by enterprises to automate their work processes, tasks such as entering invoices and orders into financial systems are surprisingly often based on manual, error-strewn data-entry methods. However, organizations need quick and easy access to information, paired with a high degree of process automation to be able to innovate and keep pace with the competition. Automating finance processes brings an array of benefits to businesses. With data-capture driven…