Mobile Image Recognition for Financial Documents

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

Current mobile banking systems rely on ATMs for processing financial documents, which limits decentralization and requires manual entry of information, whereas mobile devices with powerful CPUs and high-resolution cameras can perform similar functions more efficiently.

Innovation Solution

A method and system for mobile devices to capture, preprocess, and recognize images of financial documents and cards by analyzing image data streams, transforming images, binarizing them, and recognizing information using built-in processors, which includes detecting edges, performing image quality analysis, and transmitting recognized data to servers for verification.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If ATMs are used to process financial documents, then centralized processing and verification are achieved, but device complexity and requirement for manual entry increase

Engineering Contradiction:

Improvemanual entry requirementVSAvoidsystem structure

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The patent uses mobile devices to capture images of financial documents and cards, creating digital copies that can be processed and verified. The image capturing device creates a visual replica of the physical document, which is then transmitted to the server for processing, eliminating the need for physical document handling at ATMs and reducing manual entry requirements

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent replaces manual information entry and physical document processing with automated image recognition and optical character recognition systems. The mobile device camera captures images, and software algorithms automatically extract and verify information, substituting mechanical manual operations with automated digital processing

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Productivity

If manual information entry is used, then data input is achieved, but time consumption and error rates increase

Engineering Contradiction:

Improvetransaction speedVSAvoidinformation entry time

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The patent performs preliminary actions by capturing images of financial documents and cards before transmission to the server. The mobile device pre-processes the information by capturing it in image form, and the server performs preliminary verification of the captured data, reducing the time needed for final processing and eliminating manual entry steps

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent enables the financial document and card information to serve itself through automated recognition systems. The optical character recognition software automatically extracts information from captured images without human intervention, and the system self-verifies the data against database records, eliminating the need for manual data entry and reducing errors

Inventive Principle:

Principle #25Self-service

3Adaptability or versatility

If decentralized processing is implemented using mobile devices, then accessibility and speed improve, but image processing complexity and verification requirements increase

Engineering Contradiction:

Improvedecentralization capabilityVSAvoidimage processing requirements

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent segments the processing workflow between the mobile device and the server. The mobile device handles image capture and initial transmission, while the server performs complex verification and processing. This segmentation allows decentralized access through mobile devices while distributing the computational complexity burden to the server infrastructure

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent uses an intermediary server system that receives images from mobile devices and performs verification. The server acts as a mediator between the decentralized mobile devices and the financial institution's database, handling the complex verification processes while allowing users to access services through simple mobile device operations

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS9466014B2Systems and methods for recognizing information in objects using a mobile device

Publication Date: 2016.10.11 A2IA

AI summary

The systems and methods of the present disclosure use a mobile device equipped with a camera to capture and preprocess images of objects including financial documents, financial cards, and identification cards, and to recognize information in the images of the objects. The methods include detecting quadrangles in images of an object in an image data stream generated by the camera, capturing a first image, transforming the first image, binarizing the transformed image, recognizing information in the binarized image, and determining the validity of the recognized information. The method also includes communicating with a server of a financial institution or other organization to determine the validity of the recognized information. The mobile device may include a camera, a display to display an image data stream and captured images, a memory to store a configuration file including parameters for the preprocessing and recognition functions, captured images, and software, and a communication unit to communicate with a server of the financial institution or other organization.