Kofax Mobile Capture Platform Named to HousingWire’s Inaugural HW Tech 100 List & Chosen as Elegant Implementation Category...
March 26 2014 - 4:00AM
Business Wire
Kofax® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider
of smart process applications for the business critical First Mile™
of customer interactions, today announced that Kofax Mobile
Capture™ Platform was named to HousingWire magazine’s inaugural HW
TECH100™ list and chosen as the “Elegant Implementation” category
winner. The full list of the 2014 HousingWire HW Tech 100 is
featured in its March 2014 issue.
Kofax Mobile Capture Platform was recognized for its patented
technology that allows borrowers to submit images of required
mortgage documents using cameras in mobile devices to provide
real-time data capture for lenders while ensuring submissions with
virtually no error rates, even from challenging sources.
HousingWire noted that “lots of companies can capture document
images, it’s the extraction of data from those images that makes
this a true innovation... the borrower doesn’t have to manually
enter or correct data, and the lender gets accurate information
from the start.”
“Innovation represents the center of this contest,” said Jacob
Gaffney, executive editor at HousingWire. “Utilizing smartphones in
conjunction with Kofax’s image perfection technology embraces the
skyrocketing number of borrowers who want to use mobile in the
mortgage lending process and ensures borrower engagement on their
preferred device.”
“We’re pleased to have demonstrated a commitment to innovation
that sets us apart from others,” said Drew Hyatt, Senior Vice
President of Mobile Applications at Kofax. “In 2012, our capture
software helped lenders process more than 35 percent of all
mortgage originations. With Kofax Mobile Capture Platform, we’ve
set out to dramatically transform and simplify the critical First
Mile of real-time, information intensive customer interactions by
allowing lenders to meet customers where they are, when they want
to be engaged and on their preferred channel.”
The Kofax Mobile Capture™ Platform enables organizations to
rapidly deploy Kofax’s patented and market leading image capture
and perfection, real time data extraction and validation, process
management and analytics capabilities into mobile apps. It turns
the cameras on smartphones and tablets into powerful information
capture devices. Kofax technology automatically captures, extracts
and validates information from images — eliminating the need for
manual data entry. The platform can support virtually any
application, and advanced analytics provide full process visibility
to enhance the user experience.
Using this unified platform, organizations can speed time to
market with more dynamic mobile apps that improve customer
engagement and accelerate business. They can achieve substantial
cost savings and make better-informed decisions to drive
incremental revenue — all while avoiding the undesirable vendor
dependencies associated with alternative approaches. Kofax Mobile
Capture platform is a combination of capture, process management
and analytics capabilities.
About Kofax
Kofax is a leading provider of smart process applications for
the business critical First Mile of customer interactions. These
begin with an organization’s systems of engagement, which generate
real time, information intensive communications from customers, and
provide an essential connection to their systems of record, which
are typically large scale, rigid enterprise applications and
repositories not easily adapted to more contemporary technology.
Success in the First Mile can dramatically improve an
organization’s customer experience and greatly reduce operating
costs, thus driving increased competitiveness, growth and
profitability. Kofax software and solutions provide a rapid return
on investment to more than 20,000 customers in financial services,
insurance, government, healthcare, business process outsourcing and
other markets. Kofax delivers these through its own sales and
service organization, and a global network of more than 800
authorized partners in more than 75 countries throughout the
Americas, EMEA and Asia Pacific. For more information, visit
kofax.com.
© 2014 Kofax Limited. Kofax is a registered trademark and First
Mile and Kofax Mobile Capture are trademarks of Kofax Limited.
Source: Kofax
Media Contact:Kofax LimitedColleen EdwardsVice President,
Corporate
Communications+1-949-783-1582colleen.edwards@kofax.comorInvestor
Contacts:MKR Group Inc.Todd Kehrli,
+1-323-468-2300kfx@mkr-group.comorFTI ConsultingSophie McMillan,
+44 (0) 20 7831 3113kofax@fticonsulting.com
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