How they describe themselves: Kofax is a leading provider of smart process applications that simplify the business critical First Mile™ of information-intensive customer interactions. The company combines market leading capture, process management, analytics, and mobile capabilities that enable organizations to increase their responsiveness to customers, provide better service, gain a competitive advantage, and better grow their businesses while reducing operating costs.
How they describe their product/innovation: Kofax demonstrated how its Mobile Capture Platform can onboard customers with the right product at the right time with the right risk assessment profile in a completely automated fashion. The mobile account opening solution incorporates mobile image capture, authentication, workflow, real time decisioning, product selection, and digital signature capture to “seal the deal.” Kofax’s platform combines the speed and convenience of mobile to enhance the user experience, with the security and confidentiality of a traditional branch experience. This is the only platform in the market that incorporates all of the critical components needed to make real-time, intelligent and risk balanced decisions using a mobile device.
Product distribution strategy: Direct to Business (B2B), through financial institutions