Financial

Since this post was published, we have released Foxit PDF SDK, the only true multiplatform SDK in the market, available for Windows, Mac, Linux, iOS, Android, UWP and Web. It features a single, consistent core API, as well as a built-in viewer and UI for faster development. Learn more.

The financial industry has strict requirements for documentation – governmental regulations, consumer protection standards, data security and accessibility, and more – and penalties for non-compliance are increasingly punitive.

Both global and smaller scale financial institutions may find that off-the-shelf document management systems lacks the power and flexibility required for their applications and choose to develop in-house applications themselves.

 

Comply with financial document regulations

Regulations in the financial sector are incredibly strict regarding data storage.  The newer Consumer Protection Act and Sarbanes-Oxley Act all specify rigorous requirements for the collection and storage of data in the US, while Europe has its own regulations to contend with. Digital documentation makes it far easier to comply with these different regulations.

Data storage becomes simpler and safer as the files can be regularly backed up, are impervious to physical damage, and retrieved in seconds via text search. Global financial institutions can control data sovereignty by programmatically assigning workflow rules about data storage locations.

 

Sign and share documents securely

The US and Europe have strict regulations for financial institutions regarding verifying the identity of their client during transactions. Integrating digital signature and digital signature verification to your applications improve client trust and provide a clear compliance paper trail in the case of an audit or dispute.

Using a PDF SDK or mobile PDF SDK to build secure applications allows confidential documents to be shared with clients or between colleagues. Individual documents can be password-protected to enhance security and ensure that only authorized employees can access the confidential information. Sensitive information, like bank account or social security numbers, can be easily redacted within the document, without changing the rest of the document.

 

Create and edit documents with ease

Editing tools for PDF documents make processing applications or claims fast and efficient.  Eliminating the paper copy and physical stamp, digital documentation allows for the “Approved,” “Denied,” or “Confidential” designation to be placed directly on a document.

Financial documents often contain multiple different elements – text, graphs, charts, or other graphics.  Word processing software has difficulty incorporating these different features into a document while preserving the formatting, especially when the final document will be displayed on multiple devices – PDF offers the highest fidelity to the source document across devices.

Using PDF editors, PDF documents can be edited or annotated without altering the formatting, easing collaboration across departments. PDF Quick Library also contains tools to make documents meet accessibility requirements.

 

Automate workflows and reduce administrative burden

Automation and streamlining of workflows is where developing in-house applications rather than using an off-the-shelf solution offers the most opportunity for improvement.

Switching client intake to PDF forms mean the form fields can then be extracted and used to populate other documents. Workflows can be programmed so each document is automatically sent to the correct person for consideration, comment or approval. Files can be filed instantly and correctly according to data sovereignty policies.

 

Foxit PDF SDK is the gold standard for enterprise-class applications, whether cloud, mobile, web, or desktop-based. Chosen by Google to be the underpinning technology for their open-source PDF engine, and trusted by major financial institutions such as Morgan Stanley, Zetes and AIG, it arms developers with the tools to improve operating efficiency and ensure regulatory compliance.

 

  • Optimized for enterprise

Foxit PDF SDK is optimized for enterprise class applications and dealing with vast quantities of documents. World-class processing power allows for complex apps manipulating and rendering the millions of PDFs generated annually within a global financial institution without the performance problems that typically plague large applications.

  • Streamlined and automated processes and workflows

Reduce document turnaround time and administrative burden by automating form filling, introducing digital signatures and programmatically controlling the flow of documentation.

  • World ­class security features

Trusted by the federal government and blue chip corporations, Foxit PDF SDK comes equipped with numerous security libraries. Secure signing with PSI, Information Rights Management (IRM) integration, encryption/decryption, password protection, access monitoring and restrictions:­ Foxit arms developers with the tools needed to develop ultra-­secure applications.

  • All-in-one solution

Foxit PDF SDK is a single solution for everything application developers need to manipulate PDFs, simplifying costing and vendor contracts. Capabilities include:

    • Document management and auto-edit functions, such as text editing, printing, text manipulation, search, and search and replace
    • Singular and bulk application of stamps, watermarks, and annotations.
    • Document signing with handwritten PSI signatures
    • Programmatic modification of metadata and properties
  • Developer support at every step

More than just a software development kit, Foxit offers comprehensive developer support at every step. Demos and sample code are provided to help developers our staff are on hand to help integration with existing programs and workflows.

Key facts

  • Optimized for enterprise
  • Streamlined and automated processes and workflows
  • World ­class security features
  • All-in-one solution
  • Developer support at every step