18 December 2017
visit http://response.ncr.com

Wustenrot Bausparkasse selects Captiva's FormWare for mortgage data capture

29 January 2003  |  3060 views  |  0 Wustenrot Bausparkasse selects Captiva's FormWare for mortgage data capture

Wustenrot Bausparkasse, the mortgage subsidiary of German banking group Wustenrot & Wurttembergische, is to deploy Captiva's FormWare application to capture data and images from paper and electronic mortgage applications, forms and documents.

Wustenrot will integrate the data solution with Captiva's document capture software,InputAccel, which the bank has been using since 2002.

San Diego-based Captiva says the system will capture and route data directly into the bank's mortgage processing system. The system offers optical character recognition (OCR) which is expected to accelerate the processing of handwritten and machine-printed documents and cut application turnaround times by roughly one third.

Mark Lewis, Captiva's vice president of European operations, adds: "The integrated strengths of InputAccel and FormWare should maximise the accuracy of Wustenrot's mortgage data, speed the capture process, increase productivity and significantly reduce the cost of manual capture operations."

The document and information capture system is expected to go into production next month.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11159 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9815 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7704 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7304 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7251 views comments | 5 tweets | 11 linkedin

Featured job

Find your next job