at Financial Technnology Year
Please contact them if you have any questions.
Kofax Transformation Modules from Kofax
An advanced document processing solution that utilizes machine learning technology to automate the capture, extraction, and classification of data from scanned documents and digital files.
Product analysis by function
Document Processing Hardware for Operations
Scanners, printers, and other physical equipment for processing paper documents and checks that may still be part of brokerage operations.
More Document Processing Hardware
More Operations ...
Document Capture and Input
(8 Yes /8 Known /10 Possible features)
|
Multi-format Input Support Ability to capture and process documents in multiple formats, such as paper, PDF, TIFF, JPEG, and email. |
Kofax Transformation Modules (KTM) processes paper, PDF, JPEG, TIFF, and email attachments as input formats. Detailed support for multi-format input is mentioned in product documentation. | |
|
High-speed Scanning Capability of hardware to scan documents rapidly for high throughput. |
No information available | |
|
Automatic Document Feeder (ADF) Support for automatic feeding and scanning of document batches. |
No information available | |
|
Double-sided Scanning Ability to automatically scan both sides of a document in one pass (duplex scanning). |
KTM supports duplex scanning workflows as part of input processing (relies on imaging hardware; workflow supports duplex images). | |
|
Barcode and QR Code Recognition Ability to identify and index documents based on embedded barcodes or QR codes. |
KTM supports recognition and extraction of barcodes (including QR codes) for document identification and indexing, as stated in solution overview. | |
|
Optical Character Recognition (OCR) Hardware-accelerated recognition and extraction of text from scanned images. |
Advanced OCR for extracting text from scanned images is a core functionality of the product. | |
|
Batch Separation and Detection Detection of job separators to automate batch processing. |
Supports separator sheets and rules for batch separation as documented in product features. | |
|
Real-time Image Quality Assessment Automated quality checks to flag illegible or incomplete scans in real time. |
The system performs automated checks for image quality and flagging of problematic scans in real time. | |
|
Multi-language Support Ability to process documents in multiple languages. |
Multi-language OCR and data extraction are supported. | |
|
Direct Integration with Workflow Systems Capability to route captured documents directly into back-office and workflow systems. |
KTM offers direct integrations into workflow systems such as Kofax Capture and Kofax TotalAgility. |
Data Extraction and Validation
(9 Yes /9 Known /10 Possible features)
|
Field-level Data Extraction Extraction of specific data fields such as names, account numbers, dates, and signatures. |
Kofax highlights field-level data extraction and intelligent data capture as key features. | |
|
Automated Data Validation Built-in logic to validate key data against business rules and reference databases. |
Extensive data validation using built-in rules and connections to reference databases (e.g., for account number and format validation) is advertised. | |
|
Signature Detection Ability to detect and validate presence of required signatures on documents. |
Signature detection modules are available within the extraction logic. | |
|
Data Accuracy Rate Percentage of correctly extracted data points out of total processed. |
No information available | |
|
Custom Field Mapping Support for defining and adjusting extraction templates for various document types. |
Custom extraction templates and field mappings are configurable for each document type. | |
|
Automated Document Classification Identification and categorization of document types without manual intervention. |
Machine learning-based document classification is a core function of KTM. | |
|
Check Digit and Formula Validation Support for verifying field values using standard formulas such as check digits in account numbers. |
KTM supports check digit/formula validation especially for structured forms (e.g., for account numbers). | |
|
Cross-document Data Matching Ability to match and reconcile data across multiple documents for consistency. |
Supports data matching and reconciliation across documents. Referenced in documentation under cross-document validation features. | |
|
Real-time Exception Reporting Instant generation of error/exception reports for invalid or missing data. |
Real-time exception and error reporting is built in. | |
|
Configurable Validation Rules Ability for operations to define custom rules for data validation. |
KTM supports configurable/custom validation rules for business users. |
Security and Compliance
(9 Yes /9 Known /10 Possible features)
|
End-to-end Encryption Data is encrypted during capture, transfer, and storage. |
End-to-end encryption is offered as part of Kofax enterprise deployments and recommended best practices. | |
|
Role-based Access Control Granular control over which users can view, process, or modify documents. |
User role and permission management are supported. | |
|
Audit Trail Logging Comprehensive logs tracking all document interaction and processing activity. |
Audit logs are available for tracking document interactions and processing. | |
|
Regulatory Compliance Certifications Certifications such as SOC 2, GDPR, or FINRA compliance. |
Kofax maintains SOC 2 compliance and supports GDPR, as indicated on their compliance web pages. | |
|
Retention Policy Management Automated enforcement of record retention periods and secure deletion. |
Document retention policies and secure deletion are part of the product's standard offering. | |
|
Watermarking and Document Hashing Adds security markings or hashes to verify document origin and prevent tampering. |
Supports watermarking and hashing for secure document management. | |
|
Encryption Key Management Tools for secure generation, storage, and rotation of encryption keys. |
No information available | |
|
Secure Connectivity Support for encrypted transport protocols (e.g., TLS/SSL) for hardware-to-software links. |
Kofax platforms use TLS/SSL and secure connectivity for data transfers. | |
|
Privacy Redaction Tools Automated or manual redaction tools to mask personally identifiable information (PII). |
Privacy redaction/anonymization features are available within extraction modules; redaction tools are mentioned in documentation. | |
|
Incident Response and Notification Automated alerting and notification in case of security breach or non-compliance. |
Incident response and notification systems are offered as part of enterprise deployments. |
Workflow Automation
(8 Yes /8 Known /10 Possible features)
|
Automated Workflow Routing Rules-based routing of digitized documents to correct users or queues. |
Workflow automation, including rules-based routing, is a key feature. | |
|
Exception Handling and Queuing Automated routing of documents with errors or missing fields to special queues. |
Exception handling and custom queues for error review are built-in. | |
|
Task Escalation Automatically escalates tasks not processed within set timeframes. |
No information available | |
|
User Notification and Reminders Sends reminders or notifications when action is required. |
Custom user notifications and reminders are configurable in workflow settings. | |
|
Integration with Case Management Seamless handoff to case management or exception management systems. |
Integrates with case and exception management systems via API or connector. | |
|
Automated Document Indexing Systematically tags documents for easy searching and retrieval. |
Automatic document indexing is supported for efficient retrieval. | |
|
Parallel and Serial Processing Ability to handle workflows that require sequential or simultaneous document handling. |
Workflows can be configured for both parallel and serial (sequential) processing. | |
|
Processing Speed Documents processed per hour under typical loads. |
No information available | |
|
Configurable Workflows User-defined workflows to suit specific operational requirements. |
Configurable workflows are a core product capability. | |
|
Task Analytics Analytics on workflow efficiency and bottlenecks. |
Workflow analytics and bottleneck identification are included. |
Integration and Connectivity
(8 Yes /8 Known /10 Possible features)
|
API Support Availability of RESTful or SOAP APIs to integrate with third-party systems. |
Extensive API support (REST/SOAP) documented. | |
|
Pre-built Connectors Out-of-the-box connectors for integration with popular brokerage and back-office platforms. |
Pre-built connectors to leading back-office and brokerage systems, such as FIS, are available. | |
|
Compatibility with Legacy Systems Ability to connect with and extract data from older, non-standard systems. |
Legacy system integration is supported through custom adapters and flexible import modules. | |
|
Cloud Integration Support for connectivity with cloud-based storage or SaaS platforms. |
Cloud and SaaS integrations supported (Azure, AWS, etc). | |
|
EDI and File Transfer Support Ability to exchange documents or data via Electronic Data Interchange or SFTP. |
No information available | |
|
Web Services Support Ability to expose or consume web services for document exchange. |
Web service support for document exchange (SOAP/REST) is built-in. | |
|
Real-time Data Synchronization Immediate update of changes to all connected platforms and systems. |
No information available | |
|
Plugin/Extension Support Capability to extend system functionality with custom plugins. |
Custom extensions/plugins possible in the solution. | |
|
Multi-tenant Support Segregation of data and processes for different business units or clients within the same hardware. |
Supports multi-tenancy at the solution/instance level, as referenced in Kofax architecture guides. | |
|
Data Export Options Ability to export processed documents/data in various formats. |
Flexible export options (PDF, XML, CSV, etc) documented. |
Reliability and Availability
(3 Yes /3 Known /10 Possible features)
|
Redundant Hardware Components Spare components such as power supplies, fans, and network cards to minimize downtime. |
No information available | |
|
Failover and Recovery Support Automated failover mechanisms and rapid system recovery. |
No information available | |
|
Mean Time Between Failures (MTBF) Average operational time between hardware failures. |
No information available | |
|
Hot-swappable Modules Ability to replace components without system shutdown. |
No information available | |
|
Power Backup and Surge Protection Uninterruptible power supplies to protect against outages. |
No information available | |
|
System Health Monitoring Automated monitoring of hardware status and early alerting of issues. |
System health and monitoring dashboards are standard features. | |
|
24/7 Support Availability Round-the-clock technical and operational support. |
Kofax offers 24/7 technical support per service agreement. | |
|
Self-diagnostic Tools Built-in diagnostics to help identify and resolve faults. |
No information available | |
|
Robust Error Handling Gracefully recovers or notifies operators of processing errors. |
Robust error handling and notification systems are referenced in product workflows. | |
|
Average Uptime Percentage of time the system is available for operation. |
No information available |
Usability and User Experience
(9 Yes /9 Known /10 Possible features)
|
User-friendly Interface Intuitive, easy-to-navigate user interfaces for operators and admins. |
User interface is modern and designed for business operators. | |
|
Customizable Dashboards User and team-specific dashboards showing relevant metrics or tasks. |
Customizable dashboards for metrics and tasks are available. | |
|
Multi-language User Interface Interface is available in different languages for diverse workforces. |
Multi-language user interface is supported. | |
|
Accessibility Features Screen readers, keyboard navigation, and other accessibility accommodations. |
Accessibility features conforming to standards are mentioned in the platform's accessibility statement. | |
|
Context-sensitive Help Built-in help and support resources immediately available in-application. |
In-app/context-sensitive help is integrated. | |
|
Personalization Options Ability for users to adjust layouts and shortcuts to their preferences. |
Personalization and workflow customization are supported. | |
|
Minimal Training Required The extent of training required to become proficient. |
No information available | |
|
Remote Operation Capability Capability for operators to access and control hardware remotely. |
Remote operation (web-based or client access) is a standard capability. | |
|
Mobile Device Support Compatibility with tablets or smartphones for on-floor or remote use. |
Supports mobile device access and control. | |
|
Bulk Operation Tools Functions to handle multiple documents/actions simultaneously. |
Bulk processing and actions on document groups are offered. |
Maintenance and Lifecycle Management
(6 Yes /6 Known /10 Possible features)
|
Automatic Software/Firmware Updates System can be updated automatically with minimal downtime. |
Automatic updates can be configured for the platform. | |
|
Predictive Maintenance Alerts System warns about potential failures before they occur. |
Platform offers predictive analytics for hardware/software maintenance as part of enterprise suite. | |
|
Comprehensive Service Agreements Vendor-provided service levels and maintenance commitments. |
Comprehensive support contracts and SLAs are standard from Kofax. | |
|
Easy-access Maintenance Points Physical hardware designed for easy cleaning, replacement, or inspection. |
No information available | |
|
Spare Parts Availability Fast and reliable access to required replacement parts. |
No information available | |
|
Centralized Asset Monitoring Single dashboard to monitor multiple devices across the operation. |
Centralized monitoring dashboard is part of Kofax’s enterprise device management. | |
|
Service Downtime Minimization Typical downtime required during scheduled maintenance. |
No information available | |
|
Warranty Duration Vendor-provided warranty period for hardware. |
No information available | |
|
Documented Maintenance Procedures Comprehensive manuals, videos, or guides are included. |
Well-documented maintenance guides, videos, and knowledge base are available. | |
|
Automated Incident Reporting System reports issues to vendor or internal IT automatically. |
Automated incident reporting can be configured to alert support or IT teams. |
Scalability and Performance
(8 Yes /8 Known /10 Possible features)
|
Horizontal Scalability Ability to add more devices or nodes easily to handle increased volumes. |
Scales horizontally with addition of servers/nodes for handling higher volumes. | |
|
Vertical Scalability Capacity to upgrade storage, memory, or processing capabilities in existing devices. |
Supports vertical scaling by upgrading resources of server nodes. | |
|
Peak Throughput Maximum number of documents the hardware can process in a given time. |
No information available | |
|
Concurrent User Support Maximum number of users that can access the system simultaneously. |
undefined Concurrent user licensing and support is referenced in sales sheets. |
|
|
Load Balancing Support for distributing workload across devices or resources. |
Load balancing and workload distribution are part of the enterprise configuration. | |
|
Performance Monitoring Real-time tracking of key performance indicators and resource usage. |
Built-in performance dashboards track key KPIs and resource usage. | |
|
Dynamic Resource Allocation Ability to allocate processing resources dynamically based on real-time demand. |
Dynamic allocation of resources is available based on task scheduling and system load. | |
|
Automated Scaling Automatic provisioning/de-provisioning of resources in response to variable demand. |
Automated scaling is available for cloud deployments (see Kofax Cloud documentation). | |
|
Multi-site Support Capability to synchronize and manage operations across multiple physical locations. |
Multi-site/topology support for distributed operations is supported. | |
|
Latency Average processing delay per document. |
No information available |
Analytics and Reporting
(10 Yes /10 Known /10 Possible features)
|
Operational Dashboard Real-time overview of current processing status and health. |
Operational dashboard is a core UI component. | |
|
Custom Report Builder Users can design and generate tailored reports on operations data. |
Custom report builder functionality is included in the analytics suite. | |
|
Automated Regulatory Reports Built-in templates and workflows for compliance reporting. |
Automated reports for compliance (GDPR, FINRA, etc.) are supported. | |
|
Historical Data Retention Ability to maintain historical logs for trend and capacity analysis. |
Historical data logs are maintained for analysis and auditing. | |
|
Anomaly Detection Identification and alerting of unusual patterns or errors in document processing. |
Anomaly detection tools are included for error and fraud detection. | |
|
Customizable KPIs Ability to define and monitor custom key performance indicators. |
KPIs are customizable for analytics and performance monitoring. | |
|
Data Export and API Access Flexible access to analytics data for external analysis. |
Data export and API-based access to reports are available. | |
|
Scheduled and Real-time Reporting Supports both routine scheduled and ad-hoc reporting. |
Scheduled and on-demand (real-time) reporting supported for operational and compliance needs. | |
|
Role-specific Reports Ability to deliver tailored reports to different roles or departments. |
Role-based report delivery is supported in analytics configuration. | |
|
Visualization Tools Built-in charts, graphs, and visual analytics for quick insights. |
Visualization features include charts, graphs, and dashboards. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.