optical character recognition

BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
BofA: Tech Turns Global Trade’s Paper Jams Into Payment Streams
September 26, 2024  |  Technology

Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple...

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OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
September 13, 2024  |  B2B Payments

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” Rather, it’s a series of interlinked and ideally compounding process modernizations....

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Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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Zone & Co Adds OCR Capabilities With Staria Flow Acquisition
Zone & Co Adds OCR Capabilities With Staria Flow Acquisition
July 11, 2024  |  Acquisitions

Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay...

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Alibaba Cloud Unveils AI Models That Understand Visual Content
Alibaba Cloud Unveils AI Models That Understand Visual Content
August 25, 2023  |  artificial intelligence

Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat...

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‘Rare’ Android Malware Uses OCR to Steal User Info
‘Rare’ Android Malware Uses OCR to Steal User Info
July 30, 2023  |  Security & Fraud

Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro,...

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How to Eliminate ‘PDF Fatigue’ When Processing B2B Payouts
How to Eliminate ‘PDF Fatigue’ When Processing B2B Payouts
September 28, 2022  |  B2B Payments

Even amid the great digital shift and the overall trend of invoice automation, companies — specifically accounts payable (AP) teams — are suffering from PDF...

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Routable Debuts Optical Character Recognition for Invoice Processing
Routable Debuts Optical Character Recognition for Invoice Processing
September 28, 2022  |  Accounts Payable

Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical...

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Virtual Cards Streamline, Simplify B2B Healthcare Payments
Virtual Cards Streamline, Simplify B2B Healthcare Payments
December 15, 2020  |  B2B Payments

The pandemic has left vendors struggling and more concerned than ever that they receive their funds without delay. Buyers, too, are eager for change and...

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