2014 Highlight: DBS and Multipass wins “Best Cloud Solution”

February 26th, 2015 → 10:35 am @

DBS AND MULTIPASS SOLUTIONS LIMITED WIN BEST CLOUD BASED PROJECT IMPLEMENTATION AWARD IN THE ASIAN BANKER TECHNOLOGY IMPLEMENTATION AWARDS PROGRAMME 2014

  • DBS pioneered an intelligent data-entry solution through private cloud

  • The intelligent data-entry solution, combined with optical character recognition, provides automated form recognition, breaking down full pages into separate snippets of data

  • New forms are processed twice as quickly due to snippet processing

Kuala Lumpur, May 21st 2014 – DBS and its technology partner Multipass Solutions Limited have been named the winners of the Best Cloud Based Project Implementation Project Award during the eighth Asian Banker Technology Implementation Awards Programme, held at the Kuala Lumpur Convention Centre, Kuala Lumpur on May 21st 2014. The awards ceremony was held in conjunction with The Asian Banker Summit 2014, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region.

DBS and Multipass Solutions rolled out a pioneer solution which uses a private cloud based on a high-availability service to handle multi-site, multi-country intelligent data entry. This new-generation solution provides intelligent data entry through automated form recognition by breaking down full pages to separate snippets of data. Its optical character recognition and intelligent character recognition capabilities, together with a fast snippet data entry web application, enable expedited data entry of the contents of selected fields of scanned forms. The solution resulted in significant reduction in paper processing and processing time, improving productivity by 40% within the first week of implementation. Merchant summary ticket processing is 63% faster and merchant sales slip processing is 55% faster.