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New Premium Fintech Platform Extension for Financial Document Processing

By Banking CIO Outlook | Wednesday, February 05, 2020

The premium extension to the fintech platform is facilitating customers to process financial documents and banking data.

FREMONT, CA: A pioneering fintech infrastructure company that transforms documents into actionable data, Ocrolus, has launched a premium extension to its core technology platform. The company unveiled Ocrolus+ as an innovative turnkey solution for ingesting documents and digital data streams via a single API. The enhanced platform enables customers to process financial documents and digital banking data in a normalized, hyper-accurate format. Ocrolus bolsters its fraud defense capabilities, centering on preventing suspicious transactions via file-tampering detection and synthetic-identity analysis.  

Ocrolus+ would be launched in collaboration with a financial data network powering thousands of fintech apps and services, Plaid, and SentiLink, a pioneering in detecting complex identification fraud. Ocrolus+ is built to incorporate newly curated financial tools within the automation process to deliver the best customer experience. Along with its expanded product suite, Ocrolus is cementing its spot as a turnkey solution provider for underwriting, income & asset verification, and account openings. Ocrolus+ ingests a broad variety of documents, comprising scans, e-documents, and mobile phone pictures, returning accurate, digital data within minutes. 

Ocrolus+ concurrently flags signs of suspicious activity and generates financial viability analytics, collaborating submitted documentation with permitted data sources for account authentication and ongoing monitoring. Ocrolus believes in providing best-in-class services through one connection. Plaid and SentiLink are industry-leading companies that the company is proud to be partners with, incorporating their technology within Ocrolus+ provides our customers with reliable, decisional data to automate high-stakes financial processes.

Ocrolus is a fintech infrastructure organization, revolutionizing documents into actionable data with over 99 percent precision. Powered by AI and a unique, human-in-the-loop data validation process, the company plugs straight into customer workflows via API, reducing the need for manual data work. The solution comprises built-in fraud detection and analytics, facilitating customers to make smarter and faster business decisions with unprecedented scalability and precision.

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