After successful pitches three years in a row, back in 2013, 2014 and 2015, (back then we were called Photopay), we are ready to showcase advancements in our machine vision technology for mobile apps.
Our main focus is research in the field of mobile OCR (optical character recognition) and development of specialized SDKs (software development kits) that use a smartphone camera for data input. With machine vision software, we surpass the obstacle of manual data entry and simplify user experience in mobile apps. Currently, our real-time mobile OCR has a wide usage across industries, from reading payment slips and barcodes to scanning personal identity documents, checks, VIN, IBAN numbers, invoices, TOP-UP, scratch cards, and many more kinds of documents.
The main advantages of all our solutions for text recognition are that they operate locally on a device (without the Internet connection or server-side processing) which means they are blazing fast and accurate, while at the same time integration into any app is very simple.
Over the last 18 months, our R&D efforts have been focused on upgrading the machine learning approach to OCR (DeepOCR) and we have made a significant leap forward in our tech development. In San Jose we'll be showcasing the latest and greatest in mobile vision technology. Our most recently launched product, BlinkReceipt, will have its debut at Finovate. It’s a real-time mobile vision SDK that extracts every possible detail from consumer purchase receipts across the retail industry. This solution 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 can be used for purchase validation, loyalty and reward 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 in the next year.
If you’d like to experience our technology live, come see us at Finovate. If you’d like to attend, we have a 20% off discount code you can use upon registration: Microblink20FS17.
Looking forward seeing you in San Jose!