IDP provider KnowledgeLake featured in FinTech Spotlight

KnowledgeLake’s cloud-native, end-to-end Intelligent Document Processing (IDP) platform has been recognized in Aite-Novarica Group’s Commercial Banking FinTech Spotlight for delivering innovations that help financial institutions overcome key document management hurdles.

KnowledgeLake, an Intelligent Document Processing (IDP) provider, announced November 30 that it has been featured in the Q3 2022 Commercial Banking FinTech Spotlight by advisory firm Aite-Novarica Group. KnowledgeLake is included in it for providing innovative FinTech solutions to the commercial banking sector.

Aite-Novarica Group publishes its FinTech Spotlight report “to help financial institutions assess and understand how the landscape is evolving in areas such as AI, machine learning, automation, and cloud technologies and to help identify potential partnerships.”

According to the report, KnowledgeLake’s IDP platform earned recognition in the Spotlight because it offers “all the key components of a modern, cloud-based IDP solution, including capture, self-teaching data extraction powered by AI and machine learning, process automation, and unlimited storage.”

Erika Baumann, Director of Commercial Banking & Payments for Aite-Novarica Group, further stated: “The KnowledgeLake platform applies technologies important, and often overlooked, to intelligent document and information processing, a core operational function for any commercial bank.”

Ron Cameron, CEO of KnowledgeLake, commented on the recognition: “Aite-Novarica is an authority in the financial services industry, and their FinTech Spotlight provides accurate, in-depth clarity into what’s happening in FinTech. This is an exciting recognition of the unique value KnowledgeLake delivers to banking and financial institutions. We look forward to helping more financial institutions modernize their processes as we continue to expand our presence in the industry.”

St. Louis-based KnowledgeLake offers its cloud-native, end-to-end Intelligent Document Processing (IDP) platform for capturing, processing, managing and archiving critical business documents.

The full press release can be found here.

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