Ocrolus Announces Premium Fintech Platform Extension

Ocrolus+ Combines Advanced Document Capture & Digital Connectivity with Fraud Detection and Data Analytics

Ocrolus, a leading fintech infrastructure company that transforms documents into actionable data with over 99% accuracy, announced a new premium extension to its core technology platform. At a reception held tonight in New York, the company introduced Ocrolus+, the first turnkey solution for ingesting documents and digital data streams through a single API.

The enhanced platform allows customers to process financial documents and digital banking data in a normalized, hyper-accurate format. The company also bolstered its fraud defense capabilities, with a focus on preventing suspicious transactions via file-tampering detection and synthetic-identity analysis.

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“Offering document-based data extraction and digital connectivity through one integration represents a solid improvement to our workflow,” said Jim Granat, Head of Small Business Financing at Enova. “Ocrolus+ will help improve Enova’s customer experience by enhancing our speed and ease.”

Ocrolus+ is being launched in partnership with two leading technology companies: Plaid, a financial data network powering thousands of fintech apps and services, and SentiLink, a leader in detecting sophisticated identification fraud. The platform’s architecture is constructed to incorporate additional curated financial tools within the automation process to deliver the best possible customer experience.

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With its expanded product suite, Ocrolus is cementing its position as a turnkey solution provider for income & asset verification, underwriting, and account openings. Ocrolus+ ingests a wide variety of documents including e-documents, scans and mobile phone pictures, returning accurate, digital data within minutes. The platform concurrently flags signs of suspicious activity and generates financial viability analytics. Finally, Ocrolus+ corroborates submitted documentation with permissioned data sources for account authentication and ongoing monitoring.

“We believe in offering best-in-class services through one connection,” said Sam Bobley, CEO of Ocrolus. “Plaid and SentiLink are industry-leading companies that we are proud to partner with; incorporating their technology within Ocrolus+ provides our customers with dependable, decisionable data to automate high-stakes financial processes.”

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