back Back

AND Global unveils mindox software to ease financial operations

By Gloria Mathias

February 02, 2024

  • Ai Financial Services
  • AND Global
  • APAC Fintech

AND Global, Fintech news, Finance News, Software Launch, Product Innovation, Singapore APAC news, APAC Fintech, Singapore-based FinTech company AND Global has announced the launch of its new intelligent document processing (IDP) software, mindox, enabling financial institutions to streamline document processing while maintaining accuracy and speed.

The new product is available in the Philippines, with plans to expand globally. Based in Singapore, AND Global is a FinTech company that has created multiple businesses to promote financial inclusion across Southeast Asia.

mindox enables organisations to embrace advanced intelligent document processing, transforming how they manage and extract insights from reports, texts, forms, and financial documents. The new solution powered by AND Global utilizes optical character recognition (OCR), a feature that reads text within a digital image, and natural language processing (NLP), a type of AI that enables computers to comprehend, generate, and manipulate human language. These technologies allow the mindox system to interpret a wide range of document formats as well as several complex financial documents, extract key data points, and understand context.

The new solution, mindox, is designed to transform document processing within the financial sector, offering insights to enhance efficiency and security in day-to-day operations.

In addition to this, mindox automates loan applications, significantly reducing processing times. The new technology also leverages machine learning (ML) and intelligent automation to continuously improve with each interaction and eliminate errors over time. The API support available in the new solution empowers financial institutions to integrate with existing banking systems and third-party applications. With expansion plans in the pipeline, mindox is compliant with ISO 27001 and GDPR regulatory standards.

Khos-Erdene Baatarkhuu, CEO of AND Global, said, “There is a growing demand for intelligent document processing platforms, and at AND Global, we are delighted to deliver this cutting-edge technology in the financial industry. mindox facilitates deeper and more interactive engagement with financial data, streamlining decision-making and overall day-to-day operations. We believe documents can become intelligent companions in the pursuit of efficiency, and mindox can be a significant ally to financial institutions.”

Previous Article

February 02, 2024

UnionPay International & HBL Pakistan forge card issuance partnership

Read More
Next Article

February 02, 2024

IBSi Case Study: IndusInd Bank Elevates Supply Chain Finance with Veefin Solutions

Read More

IBSi Daily News Analysis


February 23, 2024

Ai Financial Services

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Prove Identity & TargetData join forces to drive expansion in Brazil

Read More

February 21, 2024

Why banking Industry needs to prioritize risk culture reform

Read More

February 21, 2024

Signzy acquires 8i funded Difenz to advance AI compliance solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023