Parascript, LLC, provider of image analysis and pattern recognition technology, SQN Banking Systems, a provider of process improvement and integrated fraud detection solutions for the financial industry, and Bull, an IT company, have announced a joint implementation in Brazil which combines SENTRY SigCheck signature verification system and Parascript technology for signature authentication.

            “With the rising number of check images being processed in Brazil, there is an increasing need for fraud prevention solutions,” said Eraldo Silveira, executive-director for the Financial Vertical at Bull. “We are delighted to have technology partners such as SQN and Parascript which allows us to offer best-of-breed solutions to our clients.”
            “Our primary goal is to instill confidence with our banking partners by equipping them with the most robust and technologically advanced check fraud detection systems available,” said Joe Uhland, president of SQN Banking Systems.  “At SQN, we are focused on facilitating steadfast relationships and streamlining decisions and functions, while saving money for financial institutions.”
            SQN’s SigCheck extracts side-by-side signatures from check images and verifies them using Parascript’s SignatureXpert in order to prevent fraud. The technology combines holistic analysis of signatures with signature segmentation by a subsequent analysis of its elements and characteristics. 
             “We are delighted to bring our integrated fraud prevention technology to yet another Brazilian bank with our partners SQN and Bull,” said Mike Fenton, vice president sales and operations for Parascript. “Check fraud continues to be a problem throughout the world and we are pleased to have a solution to stop it before it happens.”