IDP Podcast

Intelligent Document Processing Podcast - Episode #12: Thierry Kneissler, Co-founder and Ex-CEO of TWINT

June 20, 2022 Parashift Season 1 Episode 12
IDP Podcast
Intelligent Document Processing Podcast - Episode #12: Thierry Kneissler, Co-founder and Ex-CEO of TWINT
Show Notes

Welcome to the first Intelligent Document Processing Podcasts in the world.

In today's episode, Thierry Kneissler, Co-founder and Ex-CEO of TWINT shares the behind-the-scenes story of the company success and opens our eyes to the opportunities in the banking world regarding digital transformation.

TWINT is a mobile phone payment application. The application is used everywhere, and for everything in the supermarket, in the shops, in the transport, with friends, and even in the car parks. A real payment facilitator!

In a few figures, TWINT is :

  • More than 200 million transactions per year
  • 4 million active users
  • 97% of the Swiss population is familiar with Twint
  • 1 over 2 people in Switzerland use the application regularly

 
What about Parashift?

Parashift is a machine learning company that has taken on the topic of document capture. Its product, the Parashift Platform, is a cloud-based document extraction solution that uses IDP technology to read relevant data from any document. By using its proprietary Document Swarm Learning technology, companies can gradually automate all their document processes.

In the process, employees team up with the Parashift Platform to integrate document data into processes and systems super quickly and cost-effectively. The platform learns from all interactions and thus comes closer to complete autonomy step by step. So everything at Parashift is focused on making this technological milestone a reality. The team is not pursuing other topics. Alain Veuve says, “We’re not an end-to-end solution, so we’re working with a lot of companies that can do vertical integrations.”


Website: https://parashift.io

Interview filmed on May 13, 2022 

***Disclaimer: The opinions expressed in this podcast are those of the guest and the host. They do not purport to reflect the opinions or views of their company.