Best of Show Award at FinovateSpring 2017
We had an awesome debut at Finovate Spring in San Jose as we were among the Best of Show winners. It was a great success of the whole team!
Three years in a row, back in 2013, 2014 and 2015 we participated at Finovate Europe. This year, it was time to showcase a new product from our machine vision technology portfolio.
In the beginning of the demo, we have amazed the audience by scanning and solving handwritten math equation with Photomath. We continued by showcasing very fast ID card scanner, our most popular product in the states.
And then, in the center of the show, there was BlinkReceipt, a real-time mobile vision SDK that extracts every possible detail from consumer purchase receipts across the retail industry. As all our products, also this one runs, locally on a mobile device (no server side), has high accuracy, scales infinitely, and is the most cost-effective way to collect consumer purchase data.
BlinkReceipt is the result of our own custom neural networks and deep learning so we showed in real-time how it works on blurred or crooked receipts.
The value of using BlinkReceipt is in purchase validations, loyalty and rewards programs, market research, and personal finance/lifestyle management, amongst other things. Currently, it supports receipt scanning for over 80% of the US printed receipts, and the plan is to increase US coverage to as close as 100% and expand internationally by the end of 2017.
There were 59 companies showcasing the newest fintech solutions in San Jose. Therefore it felt great to be recognized by the audience who chose 8 companies as the Best of Show.