IRVINE, Calif., Nov 13, 2013 (BUSINESS WIRE) -- Kofax(R) plc, a leading provider of smart process applications (SPAs) for the business critical First Mile(TM) of customer interactions, today announced it has been selected as part of an elite group of financial and technology companies to demonstrate its advanced mobile mortgage solution at FinovateAsia today in Singapore. This is the third consecutive Finovate in which Kofax mobile solutions will have been showcased.
According to Morgan Stanley Research, by 2014, the total number of global mobile Internet users is expected to surpass the total number of desktop Internet users.(1) In Southeast Asia, the annual use of non-PC Internet traffic has been increasing rapidly from 15.4% in September 2012 to 20.9% in March 2013.(2)
"These consumer trends are what drove us to develop Kofax Mobile Capture(TM), and we look forward to demonstrating how we can catapult mortgage lending into the future at FinovateAsia," said Drew Hyatt, Senior Vice President of Mobile Applications. "Kofax Mobile Capture has been winning industry accolades, including the 2013 Mortgage Technology Harnessing Mobile Award, because it helps lenders engage with customers in a more convenient and productive manner."
During the one-day showcase of cutting-edge financial and banking technologies, Kofax will demonstrate how Kofax Mobile Capture can turn mobile devices into powerful customer engagement platforms. Using the Kofax Customer Onboarding Solution, customers can initiate new mortgage, loan or account applications faster, and lenders can achieve near-perfect data accuracy while building trust through automated follow-up communications. Banking customers can now easily submit images of identification documents and paper-based trailing documents such as tax forms or utility bills to initiate and complete the customer onboarding process directly from mobile devices.
The company also will demonstrate how various types of data from Internet portals, email and faxes can be processed on the same platform, and how Kofax's advanced analytics give lenders real-time dashboards and increased visibility across all channels of customer engagement, including the ability to identify adoption patterns, trends, bottlenecks, and efficiencies for improved decision making.
About FinovateAsia
FinovateAsia is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in Singapore, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateAsia is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit www.finovate.com/asia.
About Kofax
Kofax(R) plcis a leading provider of smart process applications for the business critical First Mile of customer interactions. These begin with an organization's systems of engagement, which generate real-time, information-intensive communications from customers, and provide an essential connection to their systems of record, which are typically large scale, rigid enterprise applications and repositories not easily adapted to more contemporary technology. Success in the First Mile can dramatically improve an organization's customer experience and greatly reduce operating costs, thus driving increased competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in banking, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.
(C)2013 Kofax plc. Kofax is a registered trademark and First Mile and Mobile Capture are trademarks of Kofax plc.
(1) Morgan Stanley Research, presented in comScore's State of the Internet Webinar, June 14, 2012 (2)comScore, Southeast Asia Digital Future in Focus 2013, July 26, 2013
SOURCE: Kofax plc.