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Wednesday, September 17, 2025
Sibos | FFNews

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Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

Smart Engines brings OCR to new EU electronic ID cards

Smart Engines is proud to announce secure AI-powered software release for accurate and fast scanning new electronic ID cards of EU members states. New version Smart ID Engine is able to scan new biometric ID cards and residence documents of EU citizens as well as new Schengen visas in accordance with the Regulation (EU) 2019/1157 which came into force in August 2021.

According to this Regulation, all EU electronic IDs must follow specific criteria in order to strengthen their security. Electronic ID cards have a QR code and embedded chips with biometric details. Smart Engines OCR understands new ID template types which follow the Regulation including residence permits, visas and ID cards of EU members Austria, Spain, Estonia, Finland, France, Greece, Croatia, Hungary, Italy, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Romania, Slovakia, Sweden, and Latvia.

The improved AI-driven Smart ID Engine has extended the number of supported documents to 1810 with the addition of 61 new subtypes. The number of supported unique templates increased to 2441. The solution works on-premise across servers, desktops, mobile devices and does not transmit customers data for processing to third-party services. Smart Engines software helps companies to comply with the security standard for personal data processing GDPR and satisfy the strict demands of regulators in terms of KYC/AML.

Companies In This Post

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
Sibos | FFNews