We have taken some major steps in developing our proprietary mobile text recognition technology. Thanks to the great team work of our research and product development, we have upgraded to DeepOCR - a set of more advanced neural network systems which have enabled significantly faster and more accurate scanning results. The real-time scanning performance on device is at an all time high, but there is still room to improve and we are continuously looking for new ways to provide maximum accuracy and speed.

The advances in the research department allowed us to develop and launch a new product, BlinkReceipt, a real-time retail receipt scanner. It had its debut at FinovateSpring and won the Best of Show award. Real-time scanning is enabled by OCR that works locally on mobile device. BlinkReceipt has high accuracy, scales infinitely, and is the most cost-effective way to collect consumer purchase data. It can be used for purchase validation, loyalty and reward programs, market research, and personal finance/lifestyle management, amongst other things. While we covered almost all major US retailers, we are currently expanding the market coverage to Europe and international markets!

If you’re curious to see our Finovate Spring demo from San Jose, take a look:

If you would like to see BlinkReceipt and more from our tech portfolio live in action, come visit us at one of the biggest innovation events in the banking and finance industry. If you still haven’t registered for the event, you can do so on the site and use the code FKV2335MIT to get 20% off your ticket. Looking forward to seeing you in London!