Optical Character Recognition news and trends

Alibaba Cloud Unveils AI Models That Understand Visual Content
artificial intelligence // August 25, 2023

Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat — were trained on Alibaba Cloud’s large language model Qwen-7B and offer improved image recognition and understanding performance compared to...

‘Rare’ Android Malware Uses OCR to Steal User Info
Security & Fraud // July 30, 2023

Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro, has been embedded into at least four Android apps available outside of Google Play, particularly on sites promoting money-making scams, Ars Technica reported Friday...

How to Eliminate ‘PDF Fatigue’ When Processing B2B Payouts
B2B Payments // September 28, 2022

Even amid the great digital shift and the overall trend of invoice automation, companies — specifically accounts payable (AP) teams — are suffering from PDF fatigue. Routable CEO Omri Mor told Karen Webster that many companies seeing an increased demand for payouts — thousands of...

Routable Debuts Optical Character Recognition for Invoice Processing
Accounts Payable // September 28, 2022

Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical Character Recognition (OCR), which will let the Routable platform automatically scan invoices and create payables. This will make it so...

Interviews & Exclusives
How to Eliminate ‘PDF Fatigue’ When Processing B2B Payouts

September 28, 2022
Even amid the great digital shift and the overall trend of invoice automation, companies — specifically accounts payable (AP) teams — are suffering from PDF fatigue. Routable CEO Omri Mor told Karen Webster that many companies seeing an increased demand for payouts — thousands of them, where payments can wend their way across the globe […]

Virtual Cards Streamline, Simplify B2B Healthcare Payments

December 15, 2020
The pandemic has left vendors struggling and more concerned than ever that they receive their funds without delay. Buyers, too, are eager for change and need to adopt accounts payable...

Quick Reads
Zone & Co Adds OCR Capabilities With Staria Flow Acquisition

July 11, 2024
Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay solution, the companies said in a Thursday (July 11) press release. It follows Zone’s acquisitions of financial reporting solution provider Solution 7 and payroll and employee-centric solution provider Infinet Cloud over the past […]

Alibaba Cloud Unveils AI Models That Understand Visual Content

August 25, 2023
Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat — were trained on Alibaba...

‘Rare’ Android Malware Uses OCR to Steal User Info

July 30, 2023
Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro, has been embedded into at...

Routable Debuts Optical Character Recognition for Invoice Processing

September 28, 2022
Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical Character Recognition (OCR), which will...