On the 28th of January, at the Paris Fintech Forum, Accenture and LUXHUB announced their new business partnership to provide to the European market an Intelligent Characters Recognition (ICR) API solution.
Leading European Open Finance API Platform service provider, LUXHUB, has partnered with Accenture to release an Intelligent Characters Recognition service (ICR) in Europe. This new and innovative service will use artificial intelligence (AI) to recognize and analyze characters on different types of documents (e.g. invoices, identity documents, or forms).
ICR will enable LUXHUB clients to drastically reduce their document processing time by 90% and improve the customer experience. Additionally, LUXHUB clients will benefit from Accenture’s support in both the implementation and maintenance of the service while relying on the secure Marketplace platform that LUXHUB provides.
“In a world where eco-systems start blurring industry lines Accenture continues to innovate to create value for our clients that can be leveraged across industry boundaries. We are delighted to partner with LUXHUB on this project, making the ICR solution powered by Accenture even more widely accessible. By distributing these innovative services, LUXHUB will be able to enhance the value they bring to their clients and drive future growth.”
Adrien Kirschfink, Managing Director, Accenture Belgium & Luxembourg.
“In line with our motto “Innovation imposes collaboration”, LUXHUB has decided to partner with Accenture to offer top notch ICR services to finance industry stakeholders. It is a great pleasure to announce the onboarding of the ICR API on our Open Finance Marketplace, which aims at facilitating the finance industry stakeholders’ interaction. The complementarity of LUXHUB and Accenture expertise is offering a fantastic opportunity for clients to be provided through the Marketplace with best in class services.”
Jacques Pütz, CEO, LUXHUB
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
LUXHUB is a European FinTech with headquarter in Luxembourg developing Open Finance solutions. Its services are offered through LUXHUB Marketplace, a platform enabling consumers to access various types of services available through APIs. On this Marketplace, LUXHUB markets its PSD2 related services (XS2A & LUXHUB One account aggregation and payment initiation), exposes banks and e-money institutions APIs as well as other value-added APIs such as the ICR API. Through its Marketplace, LUXHUB aims at facilitating the collaboration between financial institutions, FinTech companies and technological companies. LUXHUB has been recognized as the 2nd largest PSD2 European Open Banking Platform (source: Innopay) in June 2019 and has been appointed in November 2019 as one of the 100 most innovative RegTechs in the world. Visit us at www.luxhub.com
The author of this article is solely responsible for the content published – Picture © Accenture & LUXHUB