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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. Scanning paper documents is a manual, time consuming process with high labor and hardware costs. Read the full IDC Vendor Spotlight here.

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Capturing Paper Documents - Best Practices and Common Questions

AIIM

Despite technology, most companies continue to struggle to manage the burden of paper in many important business processes. Also known as “capture,” this capability is characterized by the ability to scan paper documents to store and use them in digital form instead of paper. What are the common issues with Scanning?

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

The speech also covered the FCA’s response to the Government’s White Paper on Artificial Intelligence ( AI ), which was also published in parallel with the speech. Work with Big Tech firms to examine whether their data from their data from their core digital activities would be valuable in certain retail financial markets.

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UK Government sets out proposals to shake up UK data protection laws

Data Protection Report

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. The deadline for responding to the consultation is 19 November 2021.

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Don't Forget About Physical Records Management

Gimmal

In an AIIM survey, 66% of people reported that paper use in their organization wasn't declining - in fact, 42% said that paper use was increasing. For some industries, the need for paper records is not only preferred; it is essential. However, this is not the case.

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The Hidden Benefits of the Digital Mailroom

AIIM

Another strong factor that is particularly relevant to the digital mailroom application is improved customer service due to the immediate accessibility of incoming correspondence. This is particularly important in government, financial services, utility, and legal sectors.

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KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Info Source

In 2020, KnowledgeLake also transitioned to an entirely channel-driven sales strategy, establishing a robust network of channel partners with expertise in implementation and professional services for customers in financial services, manufacturing, government, education, and other key segments. . “ Louis Post-Dispatch.

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