CloudFactory vs Veryfi OCR API

The world is changing. Consumers demand to know what personal data is collected about them, who is looking at it and where it’s traveling.

Data extraction at scale

If you are looking at solutions for data extraction at volume from financial documents and landed on this page then you are most likely comparing Veryfi to CloudFactory. On the outside, both companies provide this capability, but when you look at the detail the 2 are vastly different. The chart below demonstrates these differences.

	Veryfi OCR API	CloudFactory
	100% software. 100% machine data extraction without humans in the loop.	100% humans. Sweatshops based in Nepal and Africa.
RESTful API	Yes	No
Speed of Results	3 seconds	From minutes to hours (depends how much you pay)
Error Rate	3%	27.5%
Data Extracted	See below. A lot!	Depends what you pay for.
Scaling Capabilities	Instant. Unlimited.	Slow. More labor has to be thrown at it.
CCPA compliant?	Yes	No
GDPR compliant?	Yes	No
Free Test Drive	Yes. Test Drive Veryfi API	No