January 13, 2020

Smart Engines document capture technology introduced by FINAM Investment Holding

Identity documents recognition system based on artificial intelligence and computer vision from Russian developer Smart Engines has been integrated into the country’s largest retail broker FINAM Group. The technology has been introduced into FINAM’s information systems to simplify the processes of registering new clients by automatically entering their personal data into the internal KYC system.
Smart IDReader allows facilitating and speeding up the identification process at web-interface level – from the client’s side, and at the record-keeping systems level – from service managers side. The technology has minimized the chance of errors in the input texts both for clients and the managers; the process of data recognition takes a just few seconds.

For new and existing clients of FINAM, their passport data is required in several instances: first, at the contract finalization stage, and the in the future – in case their passport details have changed, or when the client wants to perform various financial transactions. To conclude the agreement, the manager who is serving the client or the client alone has to attach an image of their identity document (passport) – either as a scan or as a photo – to their personal account; thus, the image gets into the backend where it is then processed by Smart IDReader system. Further, in their personal account the new client would need to confirm the displayed passport data. In cases where Smart IDReader is unsure in the recognition results, it indicates the relevant fields, warning that those need to be checked more attentively, as they might contain errors.

“We have tested several trial solutions with similar features from other software providers prior to integrating Smart IDReader. We have opted for the solution from Smart Engines because it fully matched the requirements of our company in terms of speed and quality of recognition. It is safe to suggest, that Smart IDReader is the most technologically advanced and safe data capture technology available.” Vladislav Parkhomov, Board Member at FINAM Group.

“Our server solution is suitable for those companies that are facing the challenge of automating the data input from identity documents, both from the users’ side in their personal accounts, and by the service managers at the workstations.” Vladimir Arlazarov, PhD, CEO of Smart Engines.

Test Drive Our Smart Engines

A range of free demo apps allows you to experience the power of Smart Engines software in a real-world context.

Why not experience the power of Smart Engines for yourself? Our free demo apps allow you to test the capabilities of our identity document recognition software on mobile devices and scanners.

Simply display any document to the camera, allow the app to recognise and capture the necessary data, then store in a file, form or work sheet.

Demo apps require access to the camera on your smartphone or device. Some will also request access to the photo gallery in order to demonstrate single-photo document recognition. Others include ‘Make a request’ functionality to enable the sending of information from your e-mail application to the Smart Engines sales department.

Demo apps do not make any copies of your data and never send data to external servers.

Recognition is performed entirely on the device with the sole purpose of allowing you to test the capabilities for yourself. Rest assured that our demos contain no malware or viruses.

Download a demo from Google Play or the App Store only to ensure you use the latest official app.

Questions about Smart Engines demo apps?
Contact us at support@smartengines.com

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