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:
HCLTech appoints long-time company member and leader as new Chief Financial Officer
Global technology company HCLTech with its document automation solution iDoRAN, has announced that its Board of Directors has appointed Shiv Walia as new Chief Financial Officer (CFO). Shiv Walia brings extensive experience in leading finance departments and deep insight into the company, having started his career in subsidiaries of the same company more than three decades ago: He joined HCLTech in April 1998, having previously worked in HCL subsidiaries between April 1993 and March 1998. Most recently, he served as Corporate Vice President & Global FP&A and Business Operations. With effect September 6, 2024, Shiv Walia will now take over from Prateek Aggarwal. C Vijayakumar, CEO and Managing Director of HCLTech, commented: “Shiv Walia has been integral to our success over the last many years. As a seasoned finance leader, he has played key roles across our various geographies and businesses through multiple business cycles and has extensive knowledge of HCLTech’s businesses and clients. His financial acumen, international experience and pragmatic approach will be invaluable as we respond to technology shifts with speed and continue our profitable growth journey over the coming years. I also want to thank Prateek for his contributions to HCLTech over the last 12 years and wish him the very best for his future endeavors.”
Alkymi and Veryfi: Two IDP vendors featured on billboards in Times Square this week
Two IDP vendors – Alkymi and Veryfi – have announced that they are featured on a billboard in Times Square in New York City this week. Alkymi wrote: “This week we have the honor of being featured on a billboard in Times Square, in our hometown of NYC!” And Veryfi: “We’re grateful to be spotlighted in the heart of NYC as we continue building products that enable fintech companies like Brex to dominate their markets!” Congrats to the teams at Alkymi and Veryfi on the success!
Mohamed Talib featured in the Top 100 Innovators & Entrepreneurs magazine
The Official Top 100 Magazine, which publishes the most popular biography-based titles in the industry, has announced that Mohamed Talib, Founder and CEO at IDP vendor Captova Technologies, will be featured in its “The Top 100 Innovators & Entrepreneurs”. Dan Lucarini, Senior Analyst at analyst firm Deep Analysis, wrote about Captova last year: “The IDP Appliance? We love discovering the innovation that bubbles up from the smallest IDP players who are looking for a beachhead to land and expand. We met the founder of Captova, a small Canadian IDP vendor who is hustling to find a niche in the increasingly crowded IDP market. Captova is marketing a “bare metal, off-grid” IDP appliance loaded with its pre-trained document Al models. What a cool idea for the ClA, the medical records world, or anyone else who needs the best and brightest document Al for data extraction, but doesn’t want their documents or data leaving the premise.” Congrats to Mohamed Talib and Shahlo Talib on this recognition!
Klippa joins forces with I-Finance Services to provide online casinos in the Netherlands with a simplified affordability check process
IDP vendor Klippa has announced a partnership with I-Finance Services, a FinTech company specializing in the assessment and monitoring of consumers’ financial behavior. Together, the two companies aim to support the industry in adapting to the new regulations of the Dutch Gaming Authority (KSA) for responsible online gambling. By combining Klippa’s expertise in document processing and I-Finance Services’ expertise in financial responsibility solutions, they deliver a simplified affordability check process to online casinos in the Netherlands. Thanks to a straightforward system, players can now easily prove their ability to gamble responsibly, while always protecting their data and privacy.
📰Article:
What’s the long-term impact of Intelligent Document Processing on the insurance industry?
It is well known that IDP is a huge help to insurers in their claims processing and can therefore massively reduce operational costs. But how will IDP affect the insurance industry in the long term? Find out in this article from IDP vendor Indico Data.
💡Opinion:
Beyond the Hype: Enhancing IDP with Scientific Approaches Beyond LLM Integrations
Stay tuned for the opinion piece “Beyond the Hype: Enhancing IDP with Scientific Approaches Beyond LLM Integrations” by Igor Svitelskyy, CEO and Co-Founder of RaccoonDoc and Partner of Hi Automation. In the meantime, you can find more opinions from thought leaders in the IDP industry here.
🎥Upcoming Webinars:
August 28, 2024, 10 am EST: Secure AI integration for compliance-heavy industries
Register for this upcoming 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.
September 5, 2024, 8 am EST: Is Generative AI Going to Kill the IDP Market?
Register for the second of six virtual sessions from this year’s 2024 Capture & IDP Conference by analyst firm Infosource. In this second session, titled “Is Generative AI Going to Kill the IDP Market?”, Petra Beck, Senior Analyst at Infosource, will preview Infosource’s key findings from the 2023/2024 State of the IDP Market assessment.
September 5, 2024, 9 am EST: E-Invoicing for AP Made Simple: 3 Steps to Comply with Germany’s New Regulations
With the introduction of electronic invoicing in Germany next year, this webinar hosted by IDP vendor Rossum will provide you with information on how German companies and global companies operating in Germany can optimize their accounts payable, streamline invoice processing and ensure compliance with the upcoming regulation.
September 5, 2024: The inevitable wave of AI regulations; balancing utility and harms
Register for the first of four sessions as part of ABBYY Intelligent Automation Month, which takes place in September and focuses on increasing efficiency and ROI through AI. In the first session, ForHumanity, a nonprofit organization focused on independent auditing of AI systems, will share information on ensuring safe and trustworthy AI methods.
📆Upcoming Event (in-person):
September 3, 2024, 4:30 pm CEST: Business processes in times of change: AI-powered process automation in the financial sector in Zurich, Switzerland (DE)
This event, co-hosted by IDP vendor Parashift, is aimed specifically at finance sector experts who want to gain insights into optimizing business processes with AI.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thanks for reading and see you next week!
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