AND Global unveils mindox software to ease financial operations

By Gloria Mathias

Singapore-based FinTech company AND Global has announced the launch of its new intelligent document processing (IDP) software, mindox, enabling financial institutions to streamline document processing while maintaining accuracy and speed.

The new product is available in the Philippines, with plans to expand globally. Based in Singapore, AND Global is a FinTech company that has created multiple businesses to promote financial inclusion across Southeast Asia.

mindox enables organisations to embrace advanced intelligent document processing, transforming how they manage and extract insights from reports, texts, forms, and financial documents. The new solution powered by AND Global utilizes optical character recognition (OCR), a feature that reads text within a digital image, and natural language processing (NLP), a type of AI that enables computers to comprehend, generate, and manipulate human language. These technologies allow the mindox system to interpret a wide range of document formats as well as several complex financial documents, extract key data points, and understand context.

The new solution, mindox, is designed to transform document processing within the financial sector, offering insights to enhance efficiency and security in day-to-day operations.

In addition to this, mindox automates loan applications, significantly reducing processing times. The new technology also leverages machine learning (ML) and intelligent automation to continuously improve with each interaction and eliminate errors over time. The API support available in the new solution empowers financial institutions to integrate with existing banking systems and third-party applications. With expansion plans in the pipeline, mindox is compliant with ISO 27001 and GDPR regulatory standards.

Khos-Erdene Baatarkhuu, CEO of AND Global, said, “There is a growing demand for intelligent document processing platforms, and at AND Global, we are delighted to deliver this cutting-edge technology in the financial industry. mindox facilitates deeper and more interactive engagement with financial data, streamlining decision-making and overall day-to-day operations. We believe documents can become intelligent companions in the pursuit of efficiency, and mindox can be a significant ally to financial institutions.”