Classification and Data Extraction Platform Connects Mobile Devices with Document Trails for Compliance

snapdocSan Jose, CA., May 11, 2016 – Ephesoft Inc. announced today the immediate availability of Transact Mobile SDK 3.1, a self-contained document capture and data extraction platform for iOS and Android devices.  New features in version 3.1 include full offline document classification and data extraction, live edge detection, image cropping, enhancement filters, and multilingual on-device OCR.

“We enhanced the Transact Mobile SDK to meet the real world requirements of our customers in the FinTech market,” explained Ike Kavas, Ephesoft’s Chief Technology Officer.  “Consumers want to transact business on mobile devices with real-time feedback, while Financial institutions require authenticated document trails for compliance and due diligence. Transact Mobile is the bridging technology between mobile millennials and document-based content.”

Ephesoft demonstrated the Transact Mobile SDK today at Finovate Spring, in San Jose, with Mr. Kavas showing an audience of more than 1500 financial professionals how mobile users can capture the numerous documents required for a mortgage application using a smart phone. The live demonstration showed real-time document classification, data extraction and business rules enforcement to ensure that the proper documents are submitted and accurate data is captured.

“With Transact Mobile, we take the advanced capture functionality of our Transact system and make it available on a phone,” said Kavas.  “On-device OCR and business rules messaging significantly reduce the delays associated with submitting outdated or incorrect documents. Capturing the correct information accelerates business critical transactions for mobile users and financial institutions alike.”

The SnapDoc mobile app is available for download on the Apple App Store and Google Play.  The Transact Mobile SDK, which allows developers to embed mobile document capture and classification capabilities into custom applications, is available from Ephesoft and Ephesoft authorized channel partners.

About Ephesoft:

Ephesoft, Inc. delivers intelligent capture technology on-premise or in a SaaS model that extracts meaning from unstructured content. With a focus on efficiency and reliability, Ephesoft has crafted the next generation of intelligent document capture technology that allows organizations to automate and streamline mailroom processing and other document-based business processes. Ephesoft is headquartered in Laguna Hills, California, with regional offices throughout the US and EMEA.  The company is undergoing rapid growth and has customers in over 30 countries.  To learn more, please visit https://www.ephesoft.com.

© 2016 Ephesoft. Smart Capture is a registered trademark.

Media Contact:

Tim Dubes
+1 949 335 5335 ext.501
tim.dubes@ephesoft.com