Shufti Introduces AI-Based OCR for Better Customer Verification
Verifying customers is the goal of our clients and we believe in providing the best solutions. The current pandemic has badly affected businesses and individuals in terms of finance, security, and getting the right customers onboard. Due to this reason, many industries are shifting toward artificial intelligence-based optical character recognition, the global market of which is expected to reach $70 million by 2030.
With businesses ready to invest in advanced solutions, Global OCR market expected to reach $70 billion by 2030.https://t.co/6eScV3sCbc#money #business #innovation #technology #ecommerce #future #artificialintelligence pic.twitter.com/FbxR0E8uad
— Shufti (@Shufti_Pro) October 24, 2020
Considering the rising number of scams and illegal activities, Shufti has enhanced its optical character recognition technology. Supported with artificial intelligence algorithms, OCR for businesses can extract data in seconds, process it into machine-readable language, and fill the required fields accurately.
The advanced OCR technology operates with machine learning and natural language processing (NPL) that ensures the highest level of verification for all our clients. Unlike the usual optical character recognition, the engine can extract text in more than 150 languages. Furthermore, the software can also detect any document type, writing and font style provided.
For effective verification, there is a dire need for robust verification solutions and Shufti’s automated OCR ensures stringent authentication. Any document type, any format, any context, and OCR can detect it. The best part is, the entire process does not consume time and experts do not have to spend hours on data extraction and processing. With the assistance of OCR’s preprocessing and post-processing, comprehending text and authenticating its legitimacy is not a problem.
