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Top-five US bank invests in Kofax mobile software licenses

Kofax has announced that a top-five U.S. bank has made a $1 million initial investment in the Irvine, Calif.-based company's mobile customer engagement software. The unnamed bank has purchased software licenses for the recently launched Kofax Mobile Capture Platform as well as frameworks for Kofax's Mobile Bill Pay and Mobile Check Deposit apps.

The Kofax Mobile Capture Platform can be used for the self-service capture of customer information on smartphones. According to Kofax, the bank will use Kofax's technology to expand its mobile banking apps for millions of customers throughout the U.S.

Kofax said it was selected by the bank because of its ability to deliver a range of mobile applications on a single platform, including check deposit, bill pay, account-opening and mortgage application processing, as well as its software development kit for mobile capture apps and customer analytics.

According to Kofax, its platform creates a real-time connection between the customer and an organization's large-scale, rigid enterprise applications and repositories that are not easily adapted to more contemporary technology.

"Our technology provides financial leaders with tools that enable them to control their own mobile development on a highly scalable platform that can handle hundreds of millions of documents and transactions per year, and optimize the overall customer experience," Howard Dratler, Kofax's executive vice president of field operations, said in a statement.

Kofax said it has 20,000 customers in financial services, insurance, government, healthcare and business process outsourcing.

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