In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Infrrd launches MortgageCheckai, its automation solution that supports over 600 mortgage document types to accelerate loan closings and automate end-to-end mortgage audits
IDP vendor Infrrd has announced the launch of MortgageCheckai, its automation platform designed to accelerate pre-fund and post-closing loan audits for lenders and servicers. To this end, Infrrd has partnered with Asurity, a provider of compliance-focused services and solutions. Infrrd combines its expertise in cutting-edge Intelligent Document Processing with Asurity’s extensive expertise in the mortgage industry. The MortgageCheckai platform uses patented AI algorithms to automatically index, categorize and verify loan documents with high data accuracy. Amit Jnagal, CEO of Infrrd, explained: “Our mission with MortgageCheckai is to transform the mortgage auditing landscape and make auditors future-ready with AI. We understand the hurdles faced by mortgage lenders and servicers in conducting thorough and efficient audits. With MortgageCheckai, we’re delivering a revolutionary solution that enables auditors to streamline their processes, mitigate risky loan decisions, and stay compliant effortlessly.”
Instabase appoints an expert in the federal sector to its advisory board
IDP vendor Instabase has announced the appointment of Howard Levenson to its advisory board. Levenson has more than three decades of experience in IT and tackling complex IT challenges for the Intelligence Community and other federal customers. With this appointment, Instabase is looking to further expand its AI-driven solutions and presence in the federal sector. Anant Bhardwaj, Founder and CEO of Instabase, explained: “We are excited to welcome Howard to our advisory board. His deep understanding of the federal sector and proven track record in driving technological innovation will be a tremendous asset as we continue to develop and deploy solutions that meet the unique needs of our federal clients.” Howard Levenson commented on his new role as Federal Advisor at Instabase: “I am honored to join the advisory board of a company that is at the forefront of AI innovation. Instabase’s technology has the potential to revolutionize how federal agencies manage and utilize their data, and I look forward to contributing to their mission of transforming unstructured data into actionable insights.”
ABBYY and Reveille Software join forces to enhance Intelligent Document Processing solutions
Intelligent automation company ABBYY and Reveille Software, a provider of management and monitoring solutions for Intelligent Process Automation-based applications, have announced a partnership to enhance ABBYY FlexiCapture, ABBYY’s document automation platform. By integrating Reveille Software’s monitoring capabilities, ABBYY IDP users can achieve faster onboarding, touchless processing, lower costs, and greater visibility into their processes. Bruce Orcutt, CMO at ABBYY, explained: “Reveille extends and enhances the value of ABBYY FlexiCapture through advanced monitoring and analytics capabilities. Gaining end-to-end visibility of the business-critical services powered by ABBYY is essential to ensuring the transparency, observability, and security enterprises need to meet service level expectations.”
Klippa and alegria.group join forces to facilitate the processing of unstructured data
IDP vendor Klippa has announced a partnership with no-code and AI solution provider alegria.group, which supports companies in their digital transformation with tools such as Bubble, Make and Zapier. Thanks to this partnership, users can now easily implement Klippa’s OCR API and integrate it into their existing tools to open up new use cases and optimize workflows.
📰Article:
Does the future of IDP lie in teaming up LLMs with RAG?
Read this article by Dr. He Zhang, CTO at IDP vendor Hypatos, if you’ve heard about Retrieval Augmented Generation (RAG) before but aren’t sure of its business application or relationship to Large Language Models (LLMs) and Intelligent Document Processing (IDP).
📊Report:
AIIM 2024 Industry Watch: State of the Intelligent Information Management Practice Report
AIIM (The Association for Intelligent Information Management) has announced the release of its “2024 Industry Watch: State of the Intelligent Information Management Practice” report. The report addresses the latest trends shaping the information management landscape, focusing on emerging information leaders, prioritization of information management, and evolving tech stacks with a focus on AI and automation. You can download the full report for free here.
💻On-demand Webinar:
On-demand sessions from the ABBYY AI Summit in London
Watch all the sessions from the ABBYY AI Summit in London, which brought together the brightest minds in the AI industry to share their breakthrough insights and best practices, including sessions with Ulf Persson, Maxime Vermeir, Andrew Pery and many more.
💡Opinion:
Follow These Five Intelligent Information Management (IIM) Best Practices for Digital Transformation Success
Stay tuned for the opinion piece by Brian DeWyer, CTO and Co-Founder of Reveille Software, a provider of management and monitoring solutions for Intelligent Process Automation-based applications. In the meantime, discover more opinion pieces from thought leaders in the IDP industry.
🎥Upcoming Webinars:
August 13, 2024, 11 am EST: How to enhance carrier decisioning through collaborative ecosystems
Register for this webinar hosted by IDP vendor Indico Data to learn how interconnected technologies, AI and data platforms can improve carriers’ decision-making processes.
August 28, 2024, 10 am EST: Secure AI integration for compliance-heavy industries
Register for this webinar hosted by ScaleHub, the managed crowdsourcing service for automated document processing, to understand the fears organizations responsible for PII/PHI/GDPR data face when adopting innovative AI solutions and how ScaleHub addresses these complexities of integrating AI in compliance-heavy industries without compromising data security.
📆Upcoming Event:
September 3, 2024: Business processes in times of change: AI-powered process automation in the financial sector in Zurich, Switzerland (DE only)
This event, co-hosted by IDP vendor Parashift, is aimed at experts in the financial sector looking to gain insights into optimizing business processes with AI.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
📨Get IDP industry news, distilled into 5 minutes or less, once a week. Delivered straight to your inbox ↓
