Workshop on Check Fraud Prevention attracts broad Interest of French Top Banks
[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.
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About SOFTPRO
The SOFTPRO GmbH is a world leader in developing and marketing products and solutions for digital capture, management and verification of handwritten signatures.
The fastest growing line of business are solutions for E-Signing - in particular biometric signatures. SOFTPRO is offering E-Signing software - from the SDK (SignWare) via desktop clients (SignDoc) to a complete platform for Web-based signing (SignDoc Web). The products support a wide range of devices for signature capturing - from basic pen pads up to Tablet PCs. This can lower your costs, accelerate business processes, eliminate errors and protect documents against manipulation. E-Signing with SOFTPRO is environmentally friendly and thus supports Green IT initiatives and Corporate Social responsibility programs.
The second major division of SOFTPRO is the detection of fraud through automated comparison of signatures. This comparison is primarily used for checks. SOFTPRO’s Automatic Signature Verification is also used to secure the postal ballot (e.g. in the United States and the United Kingdom). Additional fraud analysis tools may be added to the verification process. The results of these complex tests are analyzed, weighted and presented as a holistic risk assessment.
SOFTPRO solutions are currently used in 31 countries on five continents. Ten of the world's 25 largest banks are SOFTPRO customers, as well as insurance, retail and telecommunications companies, public administration, the energy and the health sector.
The parent company of the SOFTPRO group is the SOFTPRO GmbH founded 1983 in Boeblingen near Stuttgart. Four subsidiaries are based in the United States, in the United Kingdom, in India and in Singapore. Additional representations operate in Brazil and Lebanon. The group currently employs around sixty people. SOFTPRO's software is developed "made in Germany".
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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About A2iA
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
