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Ocrolus News and Product Updates
Navigating the financial frontier: Ocrolus September 2023 event recap
5 Oct 2023
September was a busy month for the Ocrolus team. Throughout the month, we traveled coast-to-coast to join financial and lending industry leaders at some of the most prestigious events.
Offering us a chance to showcase our cutting-edge document automation solutions and connect with the best minds in the business, the month was packed with innovation and inspiration, leaving our team even more motivated to revolutionize the world of financial services.
FinovateFall
The Ocrolus team kicked off September at FinovateFall in NYC.
Finovate conferences are renowned for providing a platform where cutting-edge banking and financial technologies converge, unveiling revolutionary solutions and insights through a unique blend of short-form demos and keynote presentations from thought leaders.
During the first day of the conference, Ocrolus SVP of Growth David Snitkof stepped onto the mainstage to demonstrate how to become “the best small business lender ever,” leveraging our full Ocrolus suite of end-to-end capabilities.
By combining highly accurate document capture data, fraud detection, visual and programmatic identification and detailed cash flow analytics, David showcased how Ocrolus enables forward-thinking lenders to digitize and automate their lending processes while making smarter decisions – and maintaining a first-class customer experience. Check out the recording of David’s FinovateFall 2023 presentation!
deBanked CONNECT San Diego
Next up, we joined funders, brokers and operators from the small business finance industry in San Diego for deBanked CONNECT.
This event provided the perfect platform to introduce Instant – Combining our unprecedented library of training data and expertise in the financial sector to deliver the same precise data our customers have come to expect, with greater efficiency and at a lower cost.
While some more complex or lower-quality documents will require Complete (our premium human-in-the-loop (HiTL) solution), Instant gives small business lenders a standalone solution for documents such as bank statements, W2s and tax forms.
With a single tool for document and bank statement processing without the need for tech upkeep or support, small business lenders can focus more on what matters: their business and their customers.
Digital Mortgage
We wrapped up the month in Las Vegas at DIGITAL MORTGAGE, hosted by National Mortgage News.
During the conference, we made some news of our own with the launch of our enhanced mortgage dashboard. Combining Classify, Capture and Analyze into one user-friendly product specifically for the mortgage industry, the solution enables lenders to automate income calculations for both traditional and non-traditional borrowers.
Whitepaper | 4 considerations for calculating non-traditional income
Learn how automated income verification and calculation helps lenders assess applicant income and their ability to repay – in less time and with greater confidence.
To demonstrate how automating this lengthy workflow enables lenders to create more efficiency in the origination process, Ocrolus Director of Sales John Lowenthal took the stage on the first day.
During his live product demo, John showcased how Ocrolus helps lenders automate repetitive tasks and spend more time on meaningful work, such as interpreting borrowers’ financial situations and making data-driven decisions.
While September was a whirlwind of excitement, announcements and innovation, our team is just getting started.
Heading into October, our team will be back on the road to showcase how Ocrolus helps lenders manage risk and avoid fraud by automating document analysis. Check out our full calendar of upcoming Fintech events to see where we’ll be next.