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MarketplaceListingsSolutionCheck Reader and Validator Bot
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Summary

Summary


Overview

Overview

Banking industries face challenges when it comes to bank checks processed either manually or electronically. Fraudulent check detection is still a challenge when you manually try to do verification and validation. Especially verifying signatures manually is prone to error and time-consuming.

The main purpose of this Check Reader and Validator Bot is to extract the MICR, Date, Amount, Name, and Signature from handwritten checks, then apply an AI algorithm for Fraud Detection, reducing all check-processing time and with enhanced accuracy.

As part of our solution, we developed automation that essentially does the following 3 things:

1. Acquires the check leaflet key components, essential for the task of check clearance. These components include the check number, legal as well as the courtesy amount, account number, and signature patterns.

2. Apply business rules for Straight Through Processing, apply the Signature Comparison AI model for Fraud Detection.

3. Upload data to a target system / generates a report for processing status.

The objective is achieved using UiPath Document Understanding, UiPath Entity Data Services, and AI Center.

Features

Features

  • Extracting and validation of key metadata like check number, legal as well as the courtesy name, account number, and signature pattern.
  • Fraud detection and prevention with Signature validation using AI model.
  • Supportability for both teller-based and mobile check deposits.
  • Assistance to bank executives takes informed decisions and actions based on the reports of check processing/validation.

Additional Information

Additional Information

Dependencies


Code Language

Visual Basic

Publisher

Ennuviz

Visit publisher's page

Trusted Source

License & Privacy

License Agreement

Privacy Terms

Technical

Version

1.0.0

Updated

18 Jan 2023

Works with

Studio: 2022.10.1+

Certification

Silver Certified

Tags

IDP
banking
deposit
fraud

Application

Ennuviz

Support

Phone: +1 (833) 866-8849

Email: customersupport@ennuviz.com

Link: https://ennuviz.com/contact.php

For Level 1 support please reach out to (833) 866-8849 Ext: 5 For critical errors and service outages: Response time is one hour - 24/7. For general support requests, users may reach out to our Customer Support via customersupport@ennuviz.com.

Resources

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