Latest news with #ChristianSchneider
Business Wire
02-07-2025
- Business
- Business Wire
fileAI Launches V2 Platform, Empowering Enterprises and SMBs with AI-Powered File Parsing and Data Collection for Enhanced Workflow Automation
SINGAPORE--(BUSINESS WIRE)-- fileAI, a leader in AI-powered workflow automation, today announced the launch of its V2 platform, a next-generation solution designed to help enterprises and SMBs access, collect, and structure business data trapped in unstructured formats, siloed systems, and disconnected databases. fileAI's platform enables organizations across financial services, legal, insurance, and accounting to automate high-volume, high-stakes workflows with precision. Today, up to 80–90% of global business content is fragmented, spanning PDFs, spreadsheets, emails, handwritten notes, and more. These disconnected systems and formats are core blockers to automation and AI adoption. Rather than focusing only on the end of the workflow, fileAI leverages years of R&D and direct customer feedback to tackle the critical enterprise challenges of turning fragmented, unstructured inputs into clean, structured data. With an MCP-ready architecture and flexible self-service pricing starting at $0, it's designed for speed, scale, and real-world adoption. 'fileAI v2 is a game-changer for enterprises and SMBs struggling to unlock the value of unstructured data,' said Christian Schneider, CEO and Co-founder at fileAI. 'Our focus has always been on the foundation, delivering the cleanest, most accurate data possible so AI workflows actually work. Even the slightest inconsistency results in costly errors. This isn't just an upgrade, it's a redefinition of what file intelligence can do.' Key Features of the fileAI V2 Platform: Beethoven and Decider models: Parse, extract, and classify data from diverse file types, including contracts, images, free text, invoices, financial statements, legal forms and more with industry-leading accuracy. Easily handles variations in layout, language, and handwriting, always ensuring accurate results. Match and Compare engine: Automatically detects discrepancies, clause variations, and anomalies across documents, crucial for compliance, risk, and due diligence. Answer Engine: Enables users to query, chat, and extract insights across multiple documents using internal data and relevant web context. fileAI Drive: A secure document repository with robust access controls and integrations with Google Drive, Dropbox, and APIs. From enterprise developers to fast-growing startups, fileAI's V2 platform can automate complex document workflows with ease. With advanced AI OCR and schema generation, the platform handles high-volume document processing with precision, consistency, and efficiency, regardless of complexity or volume. Since 2024, fileAI has created over 200 million AI schemas, saving clients an estimated 320,000 hours and $6 million in processing costs. Additionally, through partnerships with industry leaders like Nvidia, Oracle, AWS, and Google, fileAI extends its reach and reinforces its role as a trusted solution for startups and enterprises alike in an AI-driven future. These capabilities make fileAI especially well-suited for industries where accuracy, trust, and compliance are critical, including: Financial Services: Streamlines transaction validation, KYC/AML, reconciliations, and manages risk and regulatory requirements Legal Teams: Performs clause comparison, contract review, and compliance checks Insurance: Brings speed and scale to claims processing, policy validation, and regulatory reporting Accounting: Simplifies invoice matching, audit readiness, and expense tracking 'fileAI has been a game-changer for our operational processes here at Daiwa Capital Markets Singapore Limited. It handles the complexity of our financial documents with ease,' said Charles Ong, Head of Finance. 'Allowing us to automate key workflows with minimal manual input is essential to streamlining our record keeping of vendor payments and financial statement disclosure and reporting processes, and we look forward to scaling even further with the platform.' 'Organizations in financial services, legal, insurance, and accounting face mounting pressure to automate while navigating rising regulatory complexity and shifting market demands,' said Tim Prugar, Head of Product & Engineering at fileAI. 'Instead of being held back by outdated processes and fragmented data, fileAI gives them the tools to access, structure, and act on critical information to drive successful business outcomes.' To learn more about fileAI and the V2 platform, please visit us at About fileAI fileAI is the leading AI-native workflow automation platform and the world's only horizontal file processing agent, designed to automate complex, unstructured data workflows at scale. Leveraging advanced predictive AI, vision language models (vLMs), and large language models (LLMs), fileAI simplifies data extraction, organization, and enrichment across diverse file types, including PDFs, spreadsheets, emails, text, and images. Trusted by global enterprises such as MS&AD, Toshiba, KFC, DirectAsia, Nippon, and Keppel, fileAI processes over 200 million files annually, significantly enhancing productivity, reducing operational costs, and redefining efficiency for businesses worldwide. With support for over 200 languages, fileAI empowers organizations of all sizes to seamlessly transform high-volume, knowledge-intensive processes into accurate, fully automated workflows.
Yahoo
11-06-2025
- General
- Yahoo
UNICEF: 138 million children doing child labour globally
Nearly 138 million minors were engaged in child labour worldwide in 2024, according to a new report released on Wednesday by UNICEF and the International Labour Organization (ILO). The figure includes around 54 million children in work likely to jeopardize their health and safety. Child labour occurs most frequently in agriculture, with the worst-hit region being sub-Saharan Africa, where 87 million children are affected. The figures show a decline in child labour to almost 138 million in the 2021-24 period, down from 160 million in the 2016-20 period. Nevertheless, the target of eliminating child labour by 2025, included in UN Development Goals, will not be reached. The report came ahead of the World Day Against Child Labour which is being marked on Thursday. "The new child labour report underlines the grim reality that millions of children are still being denied the right to learn, to play and simply to be a child, despite all progress," UNICEF Germany head Christian Schneider said. The successes achieved pointed the way ahead through legal protection, better social protection, investment in free and high-quality education and work with dignity and fair pay for adults. These were "effective instruments for protecting children from child labour," Schneider said.
