An increased investment of $2.3 million by an unnamed “major global European bank” in smart capture specialist Kofax represents a deepened commitment to the technology company’s signature trio of products: Capture, Transformation Modules, and Mobile Capture.
Kofax focuses on “First Mile” customer interactions, developing software that makes it easier for financial institutions to process the more than 350 million forms, documents, and checks generated every year. The company’s solutions range from technology that provides scan-to-archive document scanning and digital image creation (Capture) to data extraction and validation capabilities (Transformation).