Selected as Naver Cloud OCR Partner... Targeting Financial and Public Markets

Final Selection of 14 Companies Including 'Insizer' and 'Aibrain'

[Asia Economy Reporter Jin-gyu Lee] Naver Business Platform (NBP) announced on the 24th that it has completed the selection of competency partners for its Optical Character Recognition (OCR) product offered on its cloud platform.

OCR is a technology that automatically locates and recognizes characters within images, extracting meaningful text from various types of images such as business cards, receipts, credit cards, contracts, and bills, enabling efficient use in work processes.

Naver Cloud Platform's OCR product is based on Naver Clova's optical character recognition technology, 'CLOVA OCR.' CLOVA OCR demonstrates over 10% higher recognition accuracy compared to competitors and has been recognized for its quality and technology by sweeping first place in four categories at last year's 'ICDAR Robust Reading Competition,' the most prestigious contest in the OCR field.

NBP explained that OCR services are highly utilized in fields such as finance, insurance companies, and public institutions where forms must be processed manually. Lee Hwal-seok, Naver Clova OCR leader, stated, "Clova OCR technology supports various languages and provides optimized models for each document type to deliver accurate results," adding, "We will focus more on core artificial intelligence (AI) technology research to further enhance the quality and efficiency of OCR technology."

In the first half of this year, 14 companies including 'Insizer,' 'Aibrain,' and 'Xsoft' were finally selected as Naver Cloud Platform OCR competency partners through proposal submissions, in-depth task execution, and interview processes. The selected companies will undertake partner advanced training and then carry out various projects using Naver Cloud Platform's OCR across industries such as finance, public sector, healthcare, manufacturing, logistics, and legal services.

Han Sang-young, Executive Director of NBP Cloud Business Division, said, "Together with OCR competency partners, we plan to increase market share in high-demand sectors such as finance, public, and healthcare, and accelerate our approach to enterprise companies."

This content was produced with the assistance of AI translation services.