AUSTRIACARD HOLDINGS AG: Undertakes the emblematic project of digitizing the Single Pension Fund's (e-EFKA) insurance paper archive in Greece

EQS-Media / 27.12.2023 / 10:37 CET/CEST

   AUSTRIACARD HOLDINGS AG: Undertakes the emblematic project of digitizing
   the Single Pension Fund's (e-EFKA) insurance paper archive in Greece

   AUSTRIACARD HOLDINGS AG (ACAG), one of Europe's leading B2B providers of
   secure digital technology services, smart cards, personalization and
   payment solutions, as well as highly secure data management and
   digitization solutions, following a project award tender, has signed a
   framework agreement for the digitization of e-EFKA insurance history.

   This is an emblematic project that marks the digital transformation of
   e-EFKA and the first major digitization project, in which Machine Learning
   and Artificial Intelligence technologies will play a key role for faster
   and successful execution of the project. Regarding the implementation, the
   project as a whole includes the scanning of more than 42 million pages
   (42,708,333 pages) of e-EFKA paper file, the processing of the scanned
   documents with the aim of improving their quality and their validation
   with metadata. For the implementation of the project, innovative
   technologies, Intelligent Document Processing (IDP) based on Machine
   Learning and Artificial Intelligence algorithms will be used, for the
   automated data extraction from the digitized material, as well as the
   validity of the automatically identified data.

   Mr. Manolis Kontos, Deputy CEO of AUSTRIACARD HOLDINGS AG Group  said:
   "The emblematic project of digitizing the historical insurance file of
   e-EFKA is a key milestone for the digital transformation of the country's
   largest Insurance Agency. Undoubtedly, the completion of the digitization
   of the entire e-EFKA file and the digitization of the insurance history of
   thousands of insured citizens is very important for the Organization's
   history. We are particularly proud to contribute to this change for the
   transformation of e-EFKA into a modern, flexible, insured-friendly
   Insurance Company. Although it is a very challenging project, we have the
   equivalent experience, know-how and advanced technologies to implement it
   successfully."

   Mr. Dimitris Kontinos, Chief Technology Officer & Head of Digital Public
   sector of AUSTRIACARD HOLDINGS AG Group added: "This project is a priority
   for EFKA, as it is directly related to the acceleration of pension
   distributions, and the digitization and inclusion of the stamps in the
   electronic system, which was the main reason of delays until now. By
   reducing bureaucratic processes and eliminating people frustration, we are
   particularly happy that this important project will significantly
   contribute to the creation of a citizen-friendly body adapted to the
   demands of the modern era."

    

   ABOUT AUSTRIACARD HOLDINGS AG

   AUSTRIACARD HOLDINGS AG, headquartered in Vienna, with an international
   presence and one of the leading providers of Secure Digital Technology
   Solutions in Europe.

   AUSTRIACARD HOLDINGS AG is the one of the leading B2B providers of smart
   cards, personalization and payment solutions, as well as secure data
   management and digitalization solutions, in Austria, Scandinavia, Central
   and Eastern Europe and South Eastern Europe, while also having significant
   market share in many other European countries and Türkiye. The Group is
   expanding fast in geographical areas outside Europe, such as the USA where
   it has established a new personalization center, and the Middle East &
   Africa where sales units have been developed that have already drawn
   significant new business. In addition, the Company has become a payment
   products and solutions partner of choice for Challenger Banks/Neo Banks, a
   growing market segment world-wide.

   The Company has a very strong pan-European operational footprint, reaching
   from the United Kingdom to Greece and Türkiye, with seven production
   facilities and seven personalization centers in Europe, as well as an
   additional personalization center in USA, employing currently around 2,600
   people. It also has sales offices in Norway, Czech Republic, Germany,
   Croatia, Serbia, Jordan, the UAE and a network of partners and selling
   agencies around the world. This footprint enables the provision of a high
   service level to our customers, confirmed by the very long-lasting
   business relationships. The Group’s international customer base benefits
   from a complementary product and services and solutions offering ranging
   from bill printing, direct mailing and document processing to payment,
   transit and ID cards increasingly bundled with online, mobile and
   digitalization transformation solutions.

    

   Contact person:  Theoni Dimopoulou, Group Corporate Communications &
   Marketing Manager
   Tel.:  +30 210 66 97842
   E-Mail:  [email protected]
   Website:  www.austriacard.com
   Symbol:  ACAG
   ISIN:  AT0000A325L0
   Stock Exchanges:  Vienna Prime Market, Athens Main Market

    

   End of Media Release

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   Issuer: AUSTRIACARD HOLDINGS AG
   Key word(s): Information technology

   27.12.2023 CET/CEST This Press Release was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   E-mail:      [email protected]
   Internet:    https://www.austriacard.com/
   ISIN:        AT0000A325L0
   WKN:         A3D5BK
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1804303


    
   End of News EQS Media


   1804303  27.12.2023 CET/CEST

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