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.
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.
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