How they describe themselves: Ephesoft delivers enterprise-wide solutions for extracting meaning from unstructured content. That content can be from documents, emails, repositories and the internet. Ephesoft’s cloud-based platform ingests content from mobile devices, paper and electronic sources, classifying the content and developing meaningful taxonomies. We also accelerate business process automation by eliminating manual sorting and keying functions. Finally, Ephesoft can quickly digest millions of pages of unstructured content and provide data visualization, discovery and analytics, which enables FinTech companies, Government Agencies and Multi-National Corporate clients to identify patterns in business transactions and make more informed decisions.
How they describe their product/innovation: Ephesoft Enterprise allows companies to onboard unstructured documents and extract meaning. With SnapDoc, bank customers use a mobile app to submit supporting documents for account openings or loan approvals with a single click. The documents are fed into the Ephesoft cloud server, which classifies the documents, extracts data needed for account consideration, and feeds the institution’s content management, database and account/loan approval systems. Finally, Ephesoft provides an analytics engine that reviews incoming document transactions, combines this data stream with structured database repositories to help the bank’s business analysts perform true data discovery on unstructured content.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms