[PARIS] - 2006-09-07:
At a gathering of 18 of France's top banks and diverse banking press in Paris, Alain Sarraf EVP at Softpro presented Softpro's holistic approach to combatting check fraud. The event was co-sponsored by A2iA, the leader in cursive handwriting recognition and Softpro the world leader etc. The companies have recently teamed together to provide a unique approach to identifying fraud attempts. The banks met to learn about global trends in check fraud and specifically in countries such as the United states, UK, and France. The primary motivation for this meeting was to learn how the current fraud trends can be stemmed.
For example, according to french police reports, check fraud cases have increased by 85% between August 2005 and July 2006 in Paris alone. They also learned the motivation for perpetrating check fraud crimes, the low risk of being caught, and what types of institutions fraudsters are currently targeting. The participants were also presented with methods of automatically identifying and categorizing fraudulent check items in a pure image environment. All banks agreed that the problem of check fraud indeed exists in France and a lively exchange of ideas and information took place. Softpro is the recognized leader in check fraud prevention solutions.
The workshop was part of the colaboration of A2iA and Softpro to combat check fraud worldwide. The companies have pioneered a unique solution that is marketed globally under Softpro's FraudOne and SignPlus brands. The solution combines proven handwriting recognition, signature verification, and fraud detection technologies to create a holistic check fraud prevention solution for the world's financial institutions. FraudOne and SignPlus are available in six languages and on five continents: The Americas, Africa, Europe, Asia and Australia.
About SOFTPRO
The SOFTPRO Group is the worldwide leading vendor of systems for capture and verification of handwritten signatures. The company is based in Boeblingen, Germany with local subsidiaries in North America (Bear, Delaware), the United Kingdom (London), and Asia-Pacific (Singapore).
The group currently employs an international staff of over 60 people, enabling more than 200 companies worldwide to streamline their document and transaction workflows.
- With its "eSign Workflow" product line, SOFTPRO provides solutions for securing the authenticity and integrity of documents within electronic processes, such as those required for legal contracts. For this purpose, a unique signature technology is used to extract and evaluate both the static and dynamic (biometric) characteristics of handwritten signatures.
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SOFTPRO’s "Fraud Prevention Solutions" portfolio provides a holistic approach to detecting and preventing fraud in paper-based processes (such as payment transactions), as well as increasing operational efficiency using signature management and verification solutions.
Among SOFTPRO’s customers are American Express, Bank of America, Barclays, Citigroup, Discover Financial, Ingolstadt Hospital, JPMorgan Chase, Lloyds TSB, SEB, Standard Bank of South Africa, UBS and Wachovia.
Since 2002, the offer to secure electronic documents with handwritten signatures extended the customer portfolio of SOFTPRO to other industries such as banking and insurance, health/pharma, retail, government, automotive and logistics.
Frost & Sullivan, one of the leading growth consulting companies worldwide, presented SOFTPRO GmbH with its "Customer Service Leadership Award 2007" for having excelled in serving its customers and gaining superior customer satisfaction levels. This award recognizes the company that has gained the best insights into customer needs and product demands.
SOFTPRO's shareholders are GE Capital (since 1998), AdCapital (since 2001) founders and management.
SOFTPRO's partners include: A2iA, Adobe, Beta Systems (Kleindienst), Disoft, Fujitsu Siemens Computers / Fujitsu, Gateway, Gijima AST, HP, IBM, Interlink, Lenovo, Microsoft, Motion Computing, Toshiba, TeleCash (First Data), Unisys and Wacom as well as APP Informatik Davos.
Please contact us for additional information:
SOFTPRO GmbH
Wilhelmstrasse 34
71034 Boeblingen
Germany
Phone: +49 7031 6606 0
Fax: +49 7031 6606 66
Joerg-M. Lenz
Manager PR
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A2iA (Artificial Intelligence & Image Analysis), founded in 1991, headquartered in New York and Paris, is known as the worldwide leading developer of Intelligent Word Recognition (IWR), Classification & Data Extraction (IDR) technologies for extracting information from natural freeform and cursive handwriting on paper documents. The company's technology has been helping paper-intensive industries reduce data entry costs and improve business process automation for over 15 years. A2iA's recognition engines harmonize their OCR, ICR, IWR and IDR technologies with their image analysis, artificial intelligence and neural network systems to enhance solutions from the world's leading systems integrators and other independent software vendors.
For more information in English see www.a2ia.com, for information in French see www.a2ia.fr.
A2iA Corporation
584 Broadway, Suite 810
New York, NY 10012
USA
Phone +1 917 237 0390
Fax +1 917 237 0391
Jorge Tavares
Marketing Manager
jorge.tavares@a2ia.com
Courtney Rand
Sales & Marketing Director, Americas
cr@a2ia.com
Media Contact
Deborah Hamilton
Media Monde
deborah@mediamondeinc.com
Phone +1 303 682 9439
or Toll Free in the US 877.867.1215
A2iA S.A.
40 bis rue Fabert
75007 Paris
France
Phone +33 1 44 42 00 80
Fax +33 1 44 42 00 81
Venceslas Cartier
EMEA Marketing and Communication Director
v.cartier@a2ia.com
Jean-Marc Besnier
EMEA Sales Director
jmb@a2ia.com
Media Contact
Christine Duchêne
H&B Communication
c.duchene@hbcommunication.fr
Phone +33 1 58 18 32 56
