With advance of time, banking
software have surpassed the era of offline branch service, people standing in
queue. We have developed a new platform of online banking. Still in a lot of
cases we must need support of the offline service. The mostly required service
of this genre is check services. People bring the checks and the clerk of that
branch check that and the things were forwarded to success. But the cases of
fraud checks and duplicate signature are increasing with leaps and bounds.
These type of incidents are
happening throughout the globe and is becoming a strategic challenge for
companies seeking to simplify the transaction procedures so that the all over
process can be less time consuming, keeping the customer and supplier relations
beautiful while avoiding any incident that can be costly for companies. This
kind of incidents would not only damage the financial condition but also
destroy the brand name. For example, healthcare fraud, which has been estimated
at 12.7£ billion by the European Healthcare Fraud & Corruption Network. This
is why any project of digitalisation and automation of processes can no longer
be considered independently of a powerful system of automatic fraud detection.
A software which can simultaneously
perform integrating both the omnichannel capture of all your documents, and the
automation of processes based on BPM, plus the detection of document fraud is
the only way to detect anti-fraud checks and catch them in the early stages,
even before they are getting into the business process.
- It can check the encryption of the check, by checking the layout, hologram, length, width etc and thus the software is able to verify the originality of the received check.
- It can check the signature of the person in an unique way. Hence customer safety is conserved.
- Flags cash amounts that fall within the range you want to review.
