Intelligent Document Processing News: Weekly Recap

In this section, we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, podcasts, reports and more.

What we cover in this week’s recap:

News:

Cortical.io expands its sales team (DE only) IDP provider Cortical.io has announced it is expanding its sales team in Austria in order to meet the growing interest in AI and semantic solutions. To this end, Cortical.io has appointed Thomas Eichinger as its new Head of Growth, as well as bringing Tim Juchert into the sales team, who adds a global market perspective to the team with his international experience. Thomas Eichinger explained his decision to join the IDP provider: “It was personally important to me to be part of an Austrian AI company that has developed a globally patented innovation in semantic text analysis.” Cortical.io’s expanded sales team will increasingly focus on the German-speaking market.

RaccoonDoc achieves ISO 27001 certification IDP vendor RaccoonDoc announced that it has achieved ISO 27001 certification, which assures multinational enterprises that RaccoonDoc’s APIs are fortified with state-of-the-art security measures. Igor Svitelskyi, Founder of RaccoonDoc, commented: “RaccoonDoc is firmly dedicated to establishing trust by relying on third-party security validations like ISO 27001. Trust plays a pivotal role, especially for cloud-based companies like ours, which offer data processing services in tightly regulated sectors such as RaccoonDoc. This certification serves as a solid foundation for building trust and underscores our continual dedication to protecting data.”

ABBYY promotes its VP of Customer Success and Director of Professional Services to CCO Intelligent process automation solutions provider ABBYY has announced the promotion of its VP of Customer Success and Director of Professional Services, Chip VonBurg, to Chief Customer Officer (CCO). This underscores ABBYY’s commitment to helping its customers achieve their intelligent automation goals faster. ABBYY’s CEO, Ulf Persson, eplained: “Customer excellence is at the heart of ABBYY’s ethos. Everything we do is centered around our clients’ continued growth in their intelligent automation journeys. Chip’s extensive background, leadership skills, and deep knowledge in AI, machine learning and the systems driving enterprise organizations coupled with an understanding of customers’ business drivers make him a perfect fit for leading this strategy.”

natif.ai and d.velop join forces to support companies in automating their document processes IDP vendor natif.ai has announced a partnership with software platform d.velop. Thanks to this partnership, natif.ai’s product features can now be easily added via the d.velop platform, making its IDP offerings available to a wider range of companies and institutions. For d.velop, the partnership with natif.ai is part of a comprehensive AI initiative and opens up the possibility to offer innovative, Intelligent Document Processing also in regulated environments, e.g. in government agencies, universities, financial institutions, insurance companies or in the healthcare sector.

Konfuzio partners with People for AI IDP vendor Konfuzio has announced a partnership with People for AI, a provider of high-quality data labeling services. Together, the two companies aim to accelerate the use of AI and deliver high-quality results by combining precisely extracted information from documents with high-quality data labeling. They also aim to expand the services offered to their customers by driving innovation in this area for even more complex projects across a wide range of industries.

Deep Analysis with new Vendor Vignettes, including IDP vendor AYR Analyst firm Deep Analysis has published five new Vendor Vignettes, its short vendor reports that focus on technology product innovations. This latest edition (available to Deep Analysis subscribers) also takes a closer look at Intelligent Document Processing vendor AYR.

6Estates and Nikel join forces AI FinTech company 6Estates announced that it has joined forces with end-to-end lending solutions provider Nikel. Through this partnership, 6Estates will integrate its IDP solutions into Nikel’s solutions to provide comprehensive credit analysis for SME loans.

See you next week!


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