PR94544

LONGMONT, Colo., Feb. 23, 2022 /PRNewswire=KYODO JBN/ --

-- SignatureXpert.AI(R) provides signature verification for unprecedented

accuracy. It enables signature authentication in applications including check

processing, loan origination, voting by mail, petitions and countless other

uses where it is crucial to detect signature fraud.

Parascript, which has been delivering high-performing automation for over 25

years and processing more than 100 billion documents annually, released today a

new product called SignatureXpert.AI that builds upon over 10 years of

experience within banking and government applications. As a result, it provides

the highest signature verification accuracy available in the industry.

Automatic signature location and verification are executed by a powerful

combination of verifiers using multiple fundamentally different algorithms, the

core of which is based on the most innovative Artificial Intelligence (AI)

methods and approaches in image analysis and pattern recognition. These

combined techniques allow it to raise verification rate and accuracy higher

than what can be consistently achieved by human reviewers.

"Parascript has, for years, been the trusted provider of highly-reliable

signature analysis and with this new product, there really is no reason

organizations worldwide shouldn't employ automation for any process involving

signatures. We now have a solution even for hard-to-automate processes

involving lossy data such as what is commonly found in low resolution images

from government agency records and data from government-issued IDs." said Greg

Council, VP of Marketing & Product Management at Parascript.

The new release of SignatureXpert.AI automatically locates and verifies

signatures on a broader range of documents resulting in significant

improvements in overall performance including:

    -- 40% increase in performance in signature verification for data collected

       from a signature pad.

    -- 20% increase in performance for vote-by-mail applications, which often

       use lower resolution images from DMV records.

    -- Over 50% reduction in existing costs of handling rejects.

Here are a few highlights:

SignatureXpert.AI automatically locates and verifies signatures on a broader

range of documents

The product is now optimized to recognize fragments on any document having one

or multiple signatures on them. The document snippet may have machine printed

or handwritten data besides the actual signatures.

SignatureXpert.AI automatically locates a signature on an input document,

verifies it against authentic signature image(s) provided as a reference, and

returns a verification result. The following document types are added:

    -- One- or multi-signature snippet.

    -- Snippet with additional handwritten fields such as date and address.

SignatureXpert.AI is fully integrated in and with FormXtra.AI 8.3.

SignatureXpert.AI is the next generation product based on the most innovative

Artificial Intelligence (AI) methods and approaches in image analysis and

pattern recognition and builds upon over 15 years of signature location and

verification experience. All of this results in truly transformational,

better-than-human precision automation for a variety of signature verification

tasks.

SignatureXpert.AI is able to successfully work with documents having a broader

range of resolution (96dpi-300dpi)

SignatureXpert.AI demonstrates tolerance and reliability when locating and

verifying signatures on images having low quality and/or small font, such as ID

cards. The software automatically detects the quality of the image to optimize

required image preprocessing.

All these capabilities make SignatureXpert.AI able to process a broader range

of documents, providing better image quality for a variety of applications.

About Parascript

Parascript sells not just software, we sell actual, verifiable results that

save companies over $1B annually. Customers choose Parascript when they want to

use applied AI to achieve an optimized data capture solution with the highest

levels of reliable automation. Parascript has over three decades of experience

applying AI to solve complex problems, automating document-oriented processes

that involve over 100 billion documents each year. We have automated the postal

industry, commercial mailrooms, government elections, payments, and hundreds of

other processes. Visit Parascript (

https://c212.net/c/link/?t=0&l=en&o=3443174-2&h=1621968563&u=https%3A%2F%2Fwww.parascript.com%2F&a=Parascript

).

Media Contact: Ariane Barragan, ariane.barragan@parascript.com, 720.731.3282

SOURCE Parascript, LLC