Intelligent Document Processing News: Weekly Recap

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

What we cover in this week’s recap:


Cognaize wins the Rising Star Award at Hitachi Digital Services’ fintech competition IDP provider Cognaize has announced that it has been awarded the Rising Star Award at Hitachi Digital Services’ Shaping the Future of Finance: Fintech Competition. Through this event, Hitachi Digital Services provides a unique platform for emerging technology innovators to share their vision and insights with respected industry experts and leaders. Winning the Rising Star Award underscores the growing recognition of Cognaize’s AI innovations and solutions for financial services companies around the world. Vahe Andonians, Founder, CPO and CTO of Cognaize, commented: “It is a distinct honor for Cognaize to receive this award from some of the most impressive people in financial services and fintech. It is gratifying that the value that Cognaize’s AI solutions are delivering to our customers is recognized, and we will continue to push the envelope for what is possible with our customers, the fintech market, and the AI industry.”

SS&C Blue Prism unveils its next generation hybrid intelligent automation platform Intelligent automation solutions provider SS&C Blue Prism has announced the first release of its Next Generation (Next Gen) intelligent automation platform. According to SS&C Blue Prism, this release represents a milestone in intelligent automation, facilitating cloud adoption without compromising security and compliance (the platform’s cybersecurity and compliance features are designed to give access to organizations with sensitive data or restricted systems access). SS&C Blue Prism Next Gen unlocks the potential of intelligent automation by providing organizations with greater scalability, agility and access to the latest capabilities through offloaded infrastructure maintenance via the cloud. Colin Redbond, SVP Product Management of SS&C Blue Prism, explained: “Although 87% of organizations have accelerated their investments in cloud-hosted automation services in the past year, many organizations still face a number of barriers. Next Gen’s hybrid deployment model addresses this issue head-on, equipping customers with the latest IA capabilities needed to create value for customers and employees. SS&C Blue Prism Next Gen enables organizations to reduce infrastructure overheads, quickly adapt to changing priorities, scale more effectively, and upgrade digital workers on demand while satisfying the necessary industry security and compliance requirements.”

ABBYY again receives ISO 27001 and ISO 9001 certifications Intelligent automation company ABBYY has announced that it has again successfully passed the ISO 27001:2013 and ISO 9001:2015 surveillance audits conducted by international certification institute Intercert. ISO 27001 and ISO 9001 certifications are only awarded to companies that meet strict criteria and adhere to global best practices covering processes from product development, deployment and training to customer support, services and operations. They underscore ABBYY’s commitment to maintaining the highest standards of quality and data security and promote its global initiative to develop trustworthy AI technology.

Datamatics acquires Dextara Digital to expand its capabilities in the Salesforce ecosystem IDP provider Datamatics has announced that it has acquired Dextara Digital, a premier provider of Salesforce services. With this acquisition, Datamatics aims to expand its capabilities in the Salesforce ecosystem to tap into the growing Salesforce market while further strengthening its position as a leading Digital Technologies provider. Rahul Kanodia, Vice Chairman and CEO of Datamatics, commented: “We are excited to welcome Dextara Digital to the Datamatics family. This acquisition aligns perfectly with our growth strategy of focusing on hyper-scalers and further strengthens our capabilities in the Salesforce ecosystem.” He further added, “Along with deep Salesforce expertise, solution assets, and extensive ecosystem relationships, Dextara brings an extremely capable management team and a broad clientele across industries that are of specific interest to us. With this strong addition to our portfolio, we look forward to helping our customers go deep in Salesforce.”

Roboyo appoints Derk Weinheimer as new Group CEO Hyperautomation professional services company Roboyo has announced that it has appointed Derk Weinheimer as its new Group Chief Executive Officer, having already served as Roboyo’s interim CEO since December 2023. Derk Weinheimer commented on his new role: “I am delighted to take on the role of CEO at Roboyo and lead the company through its next phase of growth. With the support of our talented team and our commitment to innovation, we will continue to not only meet the evolving needs of our clients but also redefine the very landscape of work as we know it.”

Technology & Cognition LAB introduces “Automatic Signature Detection” feature (via newsletter) IDP vendor Technology & Cognition LAB has introduced the latest feature for its IDP solution AIDA. The “Automatic Signature Detection” feature automatically captures every signature on documents, eliminating the need to scroll through pages to ensure all fields have been signed.

UiPath appoints new SVP of Product Management Enterprise automation and AI software company UiPath has announced that it has appointed Sebastian Schrötel as its new Senior Vice President of Product Management. At UiPath, the seasoned SAP executive will lead, among other things, UiPath Autopilot (which combines generative AI and specialized AI to enhance productivity and democratize automation across the enterprise) and the development of business in the Integration Platform as a Service (iPaaS) market. Sebastian Schrötel commented on his new role: “I’m most passionate about innovating within emerging products that are in high demand for enterprises worldwide and I believe UiPath is bringing to market AI and automation solutions that are changing work in global enterprises. UiPath is the perfect fit for the newest chapter of my career. There are incredible possibilities to enable further AI, generative AI, and automation adoption for every knowledge worker through the UiPath Business Automation Platform.”


How is underwriting process automation shaping insurance and financing? The underwriting process has always been an important aspect of the insurance and finance industry, but at the same time has often been slow and error-prone. Read this article to learn how AI-powered systems leverage machine learning to enable the automation of the underwriting process and how this is shaping the industry.


Merging Markets: Out-of-the-Box AI Models Will Converge IDP and RPA Read the latest opinion piece by Yeelen Knegtering, CEO and Co-Founder of IDP vendor Klippa, in which he writes about how the lines between Intelligent Document Processing and Robotic Process Automation are blurring, why this is happening, what the convergence will look like and what the differentiating factor between IDP vendors will be.

📆Upcoming Event (mostly in-person):

April 17-19, 2024: AI Tech Stack Masters Exchange in Atlanta, US This event will focus on the key concerns of the enterprise AI community and provide insights from experienced enterprise AI leaders.

April 25-26, 2024: DocuWorld Partner Conference 2024 in Berlin, Germany This event will provide insights into the latest technologies and solutions in the field of document management and bring together DocuWare Partners from Europe, the Middle East and Africa.

May 22-25, 2024: Viva Technology in Paris, France Europe’s biggest startup and tech event contributes to the acceleration of innovation by connecting startups, technology leaders, large companies and investors addressing the world’s greatest challenges.

📌Find more upcoming events in the Intelligent Document Processing space here.

See you next week!

📨Get IDP industry news, distilled into 5 minutes or less, once a week. Delivered straight to your inbox:

Share This Post
Have your say!