Newgen launches IDXtract for iredaction software and redaction software

By OEM Update Editorial February 26, 2021 1:41 pm

The new software can seamlessly integrate with the digital platform for better access to the documents. It can also leverage technology extracted information to ease smart decision making.

Newgen Software, a global provider of low code digital automation platform, is pleased to announce the launch of Intelligent IDXtract —a cognitive identity document extraction and redaction software. Intelligent IDXtract will enable organizations across industries to accurately extract information from identity documents and leverage it for multiple processes, including customer onboarding, KYC verification, and employee information management.

Intelligent IDXtract uses a computer vision-based cognitive model to identify the presence, location, and type of one or more entities on a given identity document. The entities can include a person’s name, date of birth, unique ID number, and address, among others. The software leverages artificial intelligence and machine learning, powered by computer vision techniques and rule-based capabilities, to extract and redact entities per business requirements.

“Our new intelligent identity document extraction and redaction software seamlessly integrates with our digital automation platform, to provide easy access to the information present on identity documents. Enterprises can leverage AI/ML-extracted ID information to ensure smarter decision-making, improve productivity, and deliver better customer experience while staying compliant,” said Diwakar Nigam, MD and Chairman, Newgen Software.

Key features of the software include:

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Entity recognition and localisation
• Trainable machine learning to build customiaed models
• Support for image capture variations, such as scanned and mobile captured images, etc.
• Automatic recognition, location, interpretation, and extraction of QR code and MRZ
• Language independent localisation and redaction of entities
• Seamless integration with core business applications, content management platforms, and document capture applications
• Identification and redaction of personally identifiable information

Newgen’s Intelligent IDXtract supports multiple use cases, including auto-form filling using extracted entities, risk management and regulatory compliance, and metadata enrichment for easy search and retrieval.

For more details, visit www.newgensoft.com