-- SignatureXpert.AI(R) provides signature verification for unprecedented 
accuracy. It enables signature authentication in applications including check 
processing, loan origination, voting by mail, petitions and countless other 
uses where it is crucial to detect signature fraud.

Parascript, which has been delivering high-performing automation for over 25 
years and processing more than 100 billion documents annually, released today a 
new product called SignatureXpert.AI that builds upon over 10 years of 
experience within banking and government applications. As a result, it provides 
the highest signature verification accuracy available in the industry. 
Automatic signature location and verification are executed by a powerful 
combination of verifiers using multiple fundamentally different algorithms, the 
core of which is based on the most innovative Artificial Intelligence (AI) 
methods and approaches in image analysis and pattern recognition. These 
combined techniques allow it to raise verification rate and accuracy higher 
than what can be consistently achieved by human reviewers.

"Parascript has, for years, been the trusted provider of highly-reliable 
signature analysis and with this new product, there really is no reason 
organizations worldwide shouldn't employ automation for any process involving 
signatures. We now have a solution even for hard-to-automate processes 
involving lossy data such as what is commonly found in low resolution images 
from government agency records and data from government-issued IDs." said Greg 
Council, VP of Marketing & Product Management at Parascript.

The new release of SignatureXpert.AI automatically locates and verifies 
signatures on a broader range of documents resulting in significant 
improvements in overall performance including:

    -- 40% increase in performance in signature verification for data collected 
       from a signature pad. 
    -- 20% increase in performance for vote-by-mail applications, which often 
       use lower resolution images from DMV records. 
    -- Over 50% reduction in existing costs of handling rejects.

Here are a few highlights:

SignatureXpert.AI automatically locates and verifies signatures on a broader 
range of documents

The product is now optimized to recognize fragments on any document having one 
or multiple signatures on them. The document snippet may have machine printed 
or handwritten data besides the actual signatures. 

SignatureXpert.AI automatically locates a signature on an input document, 
verifies it against authentic signature image(s) provided as a reference, and 
returns a verification result. The following document types are added: 

    -- One- or multi-signature snippet. 
    -- Snippet with additional handwritten fields such as date and address.

SignatureXpert.AI is fully integrated in and with FormXtra.AI 8.3.

SignatureXpert.AI is the next generation product based on the most innovative 
Artificial Intelligence (AI) methods and approaches in image analysis and 
pattern recognition and builds upon over 15 years of signature location and 
verification experience. All of this results in truly transformational, 
better-than-human precision automation for a variety of signature verification 
tasks.

SignatureXpert.AI is able to successfully work with documents having a broader 
range of resolution (96dpi-300dpi)

SignatureXpert.AI demonstrates tolerance and reliability when locating and 
verifying signatures on images having low quality and/or small font, such as ID 
cards. The software automatically detects the quality of the image to optimize 
required image preprocessing.

All these capabilities make SignatureXpert.AI able to process a broader range 
of documents, providing better image quality for a variety of applications.

About Parascript

Parascript sells not just software, we sell actual, verifiable results that 
save companies over $1B annually. Customers choose Parascript when they want to 
use applied AI to achieve an optimized data capture solution with the highest 
levels of reliable automation. Parascript has over three decades of experience 
applying AI to solve complex problems, automating document-oriented processes 
that involve over 100 billion documents each year. We have automated the postal 
industry, commercial mailrooms, government elections, payments, and hundreds of 
other processes. Visit Parascript ( 
https://c212.net/c/link/?t=0&l=en&o=3443174-2&h=1621968563&u=https%3A%2F%2Fwww.parascript.com%2F&a=Parascript 
).

Media Contact: Ariane Barragan, ariane.barragan@parascript.com, 720.731.3282

SOURCE Parascript, LLC