According to GlobalData’s company profile on Bank of Montreal, 3D memory devices was a key innovation area identified from patents. Bank of Montreal's grant share as of June 2024 was 85%. Grant share is based on the ratio of number of grants to total number of patents.

Digital document services with automated data processing and signatures

The patent US11995130B2 describes a sophisticated system designed to streamline the digitization and management of document packages within an enterprise. Central to this system is a processor paired with non-transient data memory that houses machine-readable instructions. These instructions enable the system to load and store data from various source systems at a centralized data hub. The system generates a process computer model that outlines the necessary document types and integrates with scanning systems to facilitate the digitization of documents. Upon receiving a request for a document package, the system scans the required documents, extracts information using optical character recognition (OCR), and compiles the document package for storage and future retrieval, thereby addressing data sprawl. Additionally, the system is capable of transmitting the document package to a specified target unit and can incorporate electronic signatures into the document package as needed.

Further enhancing its functionality, the system includes features for monitoring document changes and maintaining an audit log associated with each document package identifier. It also assigns user identifiers with specific access roles to ensure secure transmission of document packages. The machine-readable instructions are designed to check access roles prior to transmission, ensuring compliance with security protocols. Moreover, the system incorporates real-time processing capabilities for electronic signature events, utilizing an event listener and handler to manage these events efficiently. Overall, the patent outlines a comprehensive approach to document management that integrates digitization, data storage, and secure transmission, tailored for enterprise applications.

To know more about GlobalData’s detailed insights on Bank of Montreal, buy the report here.

Data Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

Be better informed