Infosoft's Plan to Instigate Competition in the Realm of Picture Transfers
Gini and Docutain Compete in the German Photo Transfer Market
In the competitive landscape of photo transfer solutions in Germany, two key players have emerged: Gini and Infosoft's Docutain Photo Payment SDK.
Gini, a well-established provider, initially loads documents onto its own server for AI optimization before returning them to the banking app. On the other hand, Infosoft's photo transfer solution, Docutain, keeps scanned documents local on the user's device, offering a different approach.
Docutain is a viable competitor, particularly due to its comprehensive SDK offerings. It includes document scanning, barcode scanning, OCR text recognition, and photo payment features, all with high quality and accuracy tailored for various platforms.
One of the key differentiators for Docutain is its emphasis on high-quality image capture and automatic scanning functions. These features, including automatic capture and multi-page scanning, enhance usability and efficiency in apps.
Moreover, Docutain offers configurability and theming options, allowing seamless integration that matches corporate branding, potentially providing a better user experience compared to more generic SDKs. Although specific privacy policies for Docutain's SDK aren’t detailed explicitly, as a German product, it is likely designed to comply with strict GDPR data privacy regulations, a critical factor in the German market and a competitive edge against foreign providers.
Docutain's SDK also supports advanced barcode scanning and data extraction features, minimizing manual entry and targeting efficiency and accuracy, which may be either complementary or competitive features against Gini’s offerings.
Gini, with its recognized payment and data extraction solutions, remains a formidable competitor. However, Docutain’s combination of document and photo payment SDKs with comprehensive OCR, scanning quality, and theming capabilities positions it as a strong alternative, particularly for customers prioritizing customizable SDK integration and likely German-based data privacy compliance.
According to Jäger, there should be room for more than one provider in the area of photo transfers in Germany. Both Gini and Infosoft believe that the requirements of customers are changing rapidly, with new providers setting standards with modern, feature-rich apps. Infosoft's photo transfer solution is designed to compete with Gini in the German market.
Gini, ISO 27001 certified and meeting the requirements of the BSI C5 standard, concludes individual data processing agreements (DPAs) with each bank, detailing storage periods and processing purposes. The average time for this process is 1.2 seconds, according to Gini CEO Alexander Jäger.
Meanwhile, traditional players in the industry are facing the challenge of keeping up with these new providers. Infosoft's entry into the photo transfer market, with its Docutain Photo Payment SDK, is seen as a response to Gini's growth and requests from banks. Star Finanz GmbH has been using various Infosoft packages for photo transfers for nearly three years.
The new DORA directive requires banks, insurers, and others to thoroughly examine their IT service providers, potentially making a third-party provider with better data protection more attractive. Marvin Frankenfeld, CPO of Infosoft, believes Infosoft has a good chance of poaching customers from Gini.
Despite Infosoft's entry, Gini remains unfazed, offering additional features such as a return calculator that uses AI to recognize item positions on receipts. As the competition heats up, it will be interesting to see how these two providers continue to innovate and differentiate themselves in the German market.
- In the banking industry, technology plays a significant role, as demonstrated by the entry of Infosoft with its Docutain Photo Payment SDK, which offers advanced features like automatic capture, multi-page scanning, OCR text recognition, and photo payment services, aiming to compete with the established provider Gini.
- While Gini focuses on payment and data extraction solutions, Docutain, a German product, places emphasis on high-quality image capture and automatic scanning functions, as well as compliance with the GDPR data privacy regulations, which could potentially attract customers prioritizing customizable SDK integration and adherence to strict data privacy standards.
