KnowledgeLake featured in Aite-Novarica Group’s Commercial Banking FinTech Spotlight
Cloud-native, end-to-end IDP platform recognized for delivering innovations that help financial institutions overcome key obstacles in document management
ST. LOUIS, 30 November 2022 /PRNewswire/ — KnowledgeLake, a leading provider of intelligent document management (IDP) solutions for financial institutions, announced today that the company has been featured in the Aite-Novarica Group’s latest Commercial Banking Fintech Spotlight: Q3 2022.
The Aite-Novarica Commercial Banking FinTech Spotlight is a quarterly series of industry reports featuring vendors offering innovative FinTech solutions to the commercial banking industry.
The Spotlight series aims to provide commercial banks with insight into new FinTech solutions that offer a unique selling point and innovative approach to solving common banking challenges.
“Digital transformation in commercial banking has many dimensions and is developing at an unprecedented pace,” said Erika Baumann, Director of Commercial Banking & Payments for the Aite-Novarica Group. “We publish the FinTech Spotlight to help financial institutions assess and understand how the landscape is evolving in areas such as AI, machine learning, automation and cloud technologies and to help identify potential partnerships. The KnowledgeLake platform uses technologies that are important, and often overlooked , to intelligent document and information processing, a core function for any commercial bank.”
KnowledgeLake’s cloud-based, end-to-end platform received recognition in the spotlight for offering “all the key components of a modern, cloud-based IDP solution, including capture, self-learning data mining powered by AI and machine learning, process automation, and unlimited storage.”
According to the report, KnowledgeLake has brought key innovations to market that can help traditional banks and financial institutions provide a better user experience, remove redundancies in workflows and meet regulatory and compliance needs by automating document-intensive processes such as account opening and loan processing. .
“Aite-Novarica is an authority in the financial services industry, and their FinTech Spotlight provides accurate, in-depth insight into what’s happening in FinTech. This is an exciting recognition of the unique value KnowledgeLake delivers to banks and financial institutions. We look forward to helping more financial institutions to modernize their processes as we continue to expand our presence in the industry,” said Ron CameronCEO of KnowledgeLake.
The Aite-Novarica Commercial Banking FinTech Spotlight is available for download on the KnowledgeLake website.
About KnowledgeLake
KnowledgeLake is the only end-to-end, fully cloud-based solution for intelligent document management, enabling organizations to capture, process and manage their content on a single platform. The company combines intelligent document capture and robotic process automation (RPA) to increase organizational productivity. Two million users worldwide use KnowledgeLake to work faster and more efficiently. For more information, visit knowledgelake.com.
About the Aite-Novarica Group
Aite-Novarica Group is an advisory firm that provides mission-critical technology, regulatory, strategy and operational insights to hundreds of banks, insurance companies, payment providers and investment firms – as well as the technology and service providers that support them. Comprised of former senior technology, strategy and operations leaders as well as experienced researchers and consultants, their experts provide practical advice to their client base, leveraging deep insights developed through their extensive network of clients and other industry contacts. Visit them at aite-novarica.com.
CONSULT: Karen Laverty, [email protected]781-697-0514
SOURCE KnowledgeLake
