Infosoft Planning to Disrupt the Photo Transfer Market
In the competitive landscape of the German photo transfer and digital document processing market, a new contender has emerged. Infosoft Informations- und Dokumentationssysteme GmbH has developed a new solution for photo transfers called Docutain Photo Payment SDK, aiming to compete with the established player, Gini.
Gini, known for its focus on financial data extraction and payment solutions, has been making strides in the market by concluding individual data processing agreements (DPAs) with each bank, detailing retention periods and processing purposes. The company is also certified according to ISO 27001 and meets the requirements of the BSI C5 standard, ensuring high levels of data protection. Gini claims to cover 90 percent of the market for photo transfers in Germany, a dominance that Infosoft seeks to challenge.
Alexander Jäger, CEO of Gini, believes that the requirements of customers are changing rapidly, and new providers are setting standards with modern, feature-rich apps. He sees competition as a healthy challenge and suggests that there should be room for more than one provider in the area of photo transfers in Germany.
Infosoft's Docutain Photo Payment SDK is positioned as a versatile and easy-to-integrate solution for developers in Germany aiming to incorporate high-quality photo transfer and payment functionalities into their apps. It offers seamless integration on major platforms (iOS and Android), with features such as OCR (optical character recognition) and data extraction provided via simple API calls, allowing swift development and deployment. Infosoft also supports developers with implementation guidance and tailored pricing, which can appeal to businesses seeking a customizable and developer-friendly SDK.
Infosoft's advantage over Gini, according to Marvin Frankenfeld, CPO of Infosoft, is stronger data protection. Scanned documents remain local on the user’s device, unlike Gini's initial loading of documents onto its own server for AI optimization before returning to the banking app. This local data protection could become increasingly attractive as the new DORA directive requires financial companies to thoroughly examine their IT service providers.
Star Finanz GmbH, a company that has been using Infosoft's products for photo transfers for nearly three years, is optimistic about the potential success of Infosoft's photo transfer solution. Marvin Frankenfeld is also optimistic, believing that Infosoft's solution has potential due to growing interest from the banking sector and Gini's market dominance.
In summary, Infosoft challenges Gini by offering a developer-centric, feature-rich SDK portfolio with tailored pricing and broad platform support that simplifies photo transfer and payment integration, potentially lowering the entry barriers for new and existing apps in the German market. The focus on stronger data protection could make Infosoft's solution an attractive alternative for financial companies seeking to comply with the DORA directive.
Financial companies might find Infosoft's SDK attractive as it offers stronger data protection, aligning with the requirements of the DORA directive. In the realm of digital business and technology, Infosoft's solution, with its feature-rich capabilities and broad platform support, could potentially lower the entry barriers for new and existing apps in the German market, posing a challenge to Gini's dominance in the photo transfer sector.
