LAW Holdings recently registered one of its latest innovations, Stordoc, onto Matchi – an innovation matchmaking platform that has been making waves recently at FinovateAsia 2013 and at FinovateEurope 2014 in London last month.
Stordoc a product of LAW Holdings is a leading FICA/KYC and document management system used in South Africa by the country’s largest banks. The unique solution addresses one of the main back office processing issues for banks which deals with a mass influx of documents from third party channels. Stordoc significantly reduces turnaround times for banking personnel and headcount, while simultaneously increasing overall compliance levels.
According to Simon Slater from LAW Holdings,” We felt that Matchi was a great fit for Stordoc and has the possibility to open up a world of opportunities for our company and future products. The platform effectively showcases Stordoc securely to senior decision makers at relevant banks around the world, an opportunity that to date we haven’t had” Simon Slater said.
Matchi plays a key role in helping banks reach out to innovators from across the globe and is essentially making the world smaller for these innovators. Geographical distances no longer pose an issue for many innovators thus widening the pool of banking customers they previously did not have access to.
“Matchi is fast becoming a well-known brand in both the global financial services and innovator markets with a significant following in both camps, said Matchi’s CEO, David Milligan. We are very excited to have Stordoc registered as a new innovation on our platform and have already featured it in our latest newsletter to our entire banking database,” he said
About Law Holdings
The LAW Holdings group of companies provide secure, web-based, workflow solutions to a wide range of industries. The companies integrated, cutting-edge and cost-effective solutions securely manage volume and complexity, simply and reliably, to optimise productivity. LAW Holdings includes over 2000 law firms, several large retail groups, metropolitan municipalities, estate agent chains, various credit providers, a number of government departments as well as major financial institutions, ABSA and Standard Bank, as their clients in South Africa. LAW currently employs 300 people within the group. They encourage innovative ideas and believe in empowering people to be the best they can be.
Matchi’s innovation matchmaking platform gives banks global access to powerful, positive and proven innovations in banking from innovators around the world. This global community brings innovators and banks together to establish collaborative relationships and new business opportunities for driving banking forward and increasing return on investment for both parties.