Sign In
Create your first automation in just a few minutes.Try Studio Web →
Check Reader and Validator Bot
by Ennuviz
0
Solution
<100
Summary
Summary
Extracts metadata from handwritten and electronic checks, applies business rules for Straight Through Processing, and uses the Signature Comparison AI model for Fraud Detection.
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 is a time-consuming task.
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 times with enhanced accuracy.
As part of our solution, we developed an 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. Applies business rules for Straight Through Processing, applies the Signature Comparison AI model for Fraud Detection.
3. Uploads 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
Signature Comparison AI model
Code Language
Visual Basic
Technical
Version
1.0.1Updated
June 16, 2023Works with
Studio: 22.10+
Certification
Silver Certified
Application
Support
Phone: +1 (833) 866-8849
Email: customersupport@ennuviz.com
Link: https://ennuviz.com/contact.phpFor 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
Similar Listings
