Parascript has partnered with the “Gareev, Muslov, and Partners” law firm in Moscow, Russia, to implement the Parascript SignatureXpert software in arbitration proceedings. The software was used for detecting fraudulent signatures on financial documents in a debt collection case in Moscow, which lead to the recovery of $160,000.

               SignatureXpert verified the suspect signatures against the proven ones, the valid signatures from job applications, invoices, labor agreements, as well as other documents. Advanced verification technology was applied to perform graphology analysis and detect any forgeries on the suspect documents. The analysis results confirmed that some of the signatures on the financial documents were fraudulent. The Moscow Court concluded that the results were a substantial proof for the initiation of a subsequent forensic examination in the Russian Federal Center of Forensic Sciences.
              “The forensic study confirmed the signature verification results and conclusions obtained by SignatureXpert. Results of the forensic expertise were used as evidence and served as the basis for the decision of the Arbitration Court of Moscow to proceed with the $160,000 debt collection case,” said A. Gareev, chairman of the law firm. “We are very pleased with the accuracy and reliability delivered by Parascript’s signature authentication technology.”
             SignatureXpert executes automatic comparison using a combination of verifiers.  The technology combines holistic analysis of signature segmentation and a subsequent analysis of elements and characteristics in the signature.  “The growth of fraud through forgery has become one of the biggest security problems challenging almost any large, modern organization, including insurance companies, banks, and other financial and government institutions. We are proud to partner with Moscow Law Firm, 'Gareev, Muslov and Partners,' to respond to their need to support arbitration proceedings,” said Mike Fenton, vice president sales and operations for Parascript.  “This marks another successful international application of our universal signature verification technology, already being used in the United States, United Kingdom, United Arab Emirates, Zimbabwe, and other countries to detect forgeries on financial documents and mail-in ballots.”