New York — Precept, the data integration platform purpose-built for financial institutions, announced a new capability that enables financial institutions to ingest scanned documents and images and convert them into structured, usable data in real time.
This release extends Precept's core strategy of modernizing fintech from the current state technologically — improving how data moves across fintech systems without requiring organizations to alter their core processes.
Industry challenge
Financial firms today operate across a wide range of data formats. Modern APIs coexist with legacy flat files, spreadsheets, and — particularly in private markets — paper documents that must be scanned, interpreted, and manually entered into internal systems. These workflows introduce significant operational friction, often requiring hours or days of manual work before data becomes usable.
Precept's platform is designed to remove these barriers by making all data sources and formats completely portable and immediately usable within any existing systems.
Platform evolution
The company initially focused on integrations, building a system of metadata that describes APIs in sufficient detail for other systems to understand and interact with them automatically in real time. In December 2025, Precept extended this approach to flat file ingestion, allowing organizations to interact with traditional file-based processes in the same seamless way they interact with modern APIs.
With this latest release, Precept expands the same philosophy to scanned documents and images.
New capability
The Precept platform can now detect, interpret, and structure information contained in document images — automatically converting it into normalized data. When paired with the broader Precept engine, the resulting data becomes immediately available through the same standardized interfaces used for APIs and all other integrations.
Unlike standard optical character recognition (OCR), Precept's platform goes further; automatically recognizing and classifying documents using vision language models. These deliver highly structured and accurate data to downstream systems. Combined with Precept this data is then standardized to be used like any other data source.
The result is dramatically reduced operational friction: processes that previously required manual extraction and reconciliation can now flow directly into modern data pipelines without any changes to existing workflows.
"Modernizing fintech infrastructure means meeting business users where they are today — even if their current processes and data are in the hard-to-reach places. Send Precept your scanned documents and get back the properly structured data in any format you need. Possibly one of the hardest-to-reach places are physical files. We've solved that problem at scale!", said Mark Ovaska, CEO and Co-Founder at Precept.
The new capability is available immediately as part of the Precept platform, further advancing the company's mission to make all aspects of fintech data integration a real-time service.
About Precept
Precept is a data integration platform purpose-built for financial institutions. By treating all data sources — APIs, flat files, and scanned documents — as a unified, real-time service, Precept enables firms to modernize their data infrastructure without disrupting existing workflows.
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