Top 25 Global Bank Invests $1.4 Million in Kofax Mobile Capture Platform
April 07 2015 - 8:00AM
Business Wire
Kofax Mobile ID Will Simplify New Customer
Onboarding and Streamline Account Openings
Kofax® Limited (NASDAQ: KFX), a leading provider of smart
process applications to simplify and transform the First Mile™ of
customer engagement, today announced that a top 25 global bank has
invested $1.4 million in Kofax Mobile Capture™ Platform, Kofax
Mobile ID™ and Kofax Analytics for Capture™. To provide a superior
new customer onboarding experience, the bank will deploy the
software to simplify and streamline account openings in the Asia
Pacific region.
When opening a new account, customers are currently required to
manually complete an application form and provide proof of their
identity in a branch office. With Kofax Mobile Capture Platform and
Kofax Mobile ID, the customer can use a mobile device to capture a
picture of their driver license, identification card or passport,
and the software will automatically extract the relevant data and
populate the application form in just seconds. This provides an
improved experience for the customer and streamlines the onboarding
process for the bank. The bank will also use Kofax Analytics for
Capture to deliver visual insights into system performance,
accuracy and productivity, enabling administrators to improve
operational efficiency and system throughput.
“Customer onboarding is a top focus area for banks and credit
unions that are looking to improve customer engagement and
increased share of wallet and retention,” said Drew Hyatt, Senior
Vice President of Mobile Applications at Kofax. “This bank chose
Kofax for its accuracy, flexibility, performance and breadth of
capabilities, including instant capture of a driver license,
passport or a government issued ID. The transaction also reflects
the bank’s confidence in Kofax’s product roadmap.”
Kofax Mobile Capture Platform enables organizations to create
dynamic mobile applications that integrate capture and process
management capabilities to streamline information intensive
customer interactions and extend self-service capabilities. It
turns mobile devices into information capture devices that deliver
more engaging applications that “meet customers where they are” in
the anywhere, anytime manner they increasingly prefer.
With Kofax Mobile Capture Platform, organizations can improve
customer service, enhance customer experience and accelerate
transactions, thereby increasing revenue and customer loyalty.
Kofax Mobile Capture Platform is the only platform in the industry
that enables users to create, deploy and maintain their own mobile
capture solutions.
This sale closed in the third quarter of Kofax’s fiscal year
2015 and totaled $1.4 million in software license revenue plus
maintenance and approximately $50,000 in professional services.
About Kofax
Kofax is a leading provider of smart process applications to
simplify and transform the First Mile™ of customer engagement.
Success in the First Mile can dramatically improve the customer
experience, greatly reduce operating costs and increase
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,
supply chain, business process outsourcing and other markets. Kofax
delivers these through its direct 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.
© 2015 Kofax Limited. Kofax is a registered trademark and First
Mile, Kofax Mobile Capture Platform, Kofax Mobile ID and Kofax
Analytics for Capture are trademarks of Kofax Limited.
Source: Kofax
Media Contact:Kofax® LimitedLaura Brandlin, +1 (949)
783-1545Director,
Communicationslaura.brandlin@kofax.comorInvestor Contact:MKR
Group Inc.Todd Kehrli, +1 (323) 468-2300kfx@mkr-group.com
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