According to KPMG, mobile is already the largest banking channel for the majority of banks by volume of transactions, and the number of mobile banking app users looks set to rise from 0.8bn in 2014 to 1.8bn by 2019.
While mobile banking apps today are a must-have for a modern bank, image/camera based features are becoming a must-have for mobile banking apps. According to the same KPMG report, about one third of leading global banks already have image-based features in their apps!
Receipt processing holds much promise today. Resource savings in handling business expenses reports, effective loyalty programs, and control over personal finances are just some of the opportunities that receipt data capture can offer. However developing receipts processing is anything but simple.
Here are some of the most common pains for developers in receipt capture:
- Poor quality of paper, print, and photo.
- No well-defined receipt structure or common receipt template.
- Local country specifics of receipts.
- Failure in keyword search due to OCR errors.
- Difficulty in gathering enough receipt samples.
We’d like to share ABBYY’s long-term experience in receipt capture development and take a closer look at these pains.