Sicoob

Sicoob is the largest system of credit cooperatives in Brazil, with over 2 million members. Read about how they chose Panini scanners to take advantage of the check truncation legislation established by Febraban (Federação Brasileira de Bancos), recognising check images as valid replacements for the physical document and allowing banks to process the payments electronically. As part of their ongoing efforts related to continuous innovation and improvement, Sicoob was one of the first Brazilian financial institutions to implement teller image capture in all of their credit union locations, integrated with their existing banking systems.