News Column

Australia : AUSTRALIAN bank selects KOFAX software

August 14, 2014

Kofax software has been selected by an Australian bank to automate the processing of mortgage applications and ancillary documents, and to redact credit card numbers from bank statements addressing standards of Payment Card Industry Data Security Standard (PCI DSS).

The software features Kofax Capture, Kofax Transformation Modules, Kofax Import Connector and Kofax Analytics for Capture.

Howard Dratler, Executive Vice President of Field Operations at Kofax, said, We worked closely with a Kofax partner to transform and automate the information intensive processes at this regional bank, which previously relied upon time consuming and expensive manual labour.

Dratler added, The bank has benefited from significantly reduced labour costs, improved customer responsiveness, PCI DSS compliance, and actionable insights stemming from our analytics and visualization capabilities. This lender has truly made its First Mile smarter.

Kofax Capture offers scan-to-archive capabilities through documents and forms scanning to create digital images, extracting index data for retrieval purposes and delivering the images and associated data to a variety of repositories and applications.

Kofax Transformation Modules is a set of Kofax Capture add-ons automating the classification and data extraction of various document types, transforming them into structured electronic information, ready to be delivered into business systems and processes.

Kofax Import Connector works with Kofax Capture to capture email, fax and other documents received in file shares or either through web services from the time they enter the organization.

Kofax Analytics for Capture is designed to offer optimized out-of-the-box dashboards elevating visibility into the effectiveness of a capture solution.

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Source: TendersInfo (India)

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