Fintech Infrastructure Developer Ocrolus Reveals New Premium Extension to its Core Tech Platform

Ocrolus, an established Fintech infrastructure development firm that converts documents into actionable data with high accuracy, recently revealed a new premium extension to its core tech platform. During a reception in New York, the firm introduced Ocrolus+, a solution for processing documents and online data streams via a single API.

The platform lets users work with various financial documents and online banking data in a normalized and accurate format. Ocrolus says it has also improved its defense capabilities against fraudulent activities, with a special focus on detecting and preventing suspicious transactions through file-tampering and synthetic-identity analysis.

Jim Granat, head of small business financing at Enova, stated:

“Offering document-based data extraction and digital connectivity through one integration represents a solid improvement to our workflow. Ocrolus+ will help improve Enova’s customer experience by enhancing our speed and ease.”

Ocrolus+ has been released via a partnership with Plaid, a financial data network that supports thousands of different Fintech apps and services, and SentiLink, a company that focuses on  detecting identification fraud. The platform’s infrastructure has been developed to accommodate curated financial tools and software within the automation process, in order to provide a better customer experience.

Ocrolus aims to position itself as a major solution provider for income and asset verification, underwriting, and new account openings. Ocrolus+ processes several different types of documents such as e-docs, scans and smartphone images, and converts them into accurate, digital information “within minutes.”

The platform can also detect suspicious activity and provides financial viability analytics. Ocrolus+ gathers submitted documentation and analyzes them using permissioned data sources for performing account verification and related monitoring services.

Sam Bobley, CEO at Ocrolus, noted:

“We believe in offering [quality] services through one connection. Plaid and SentiLink are [established] companies that we are proud to partner with; incorporating their technology within Ocrolus+ provides our customers with dependable, decisionable data to automate high-stakes financial processes.”

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