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Technology Stocks : Top Image Systems Ltd. (TISA)

TISA 0.850

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May 6 4:00 PM EDT

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From: JakeStraw	1/20/2015 9:10:25 AM
	of 436

TIS and SQN Banking Systems Combat Fraud at Global Bank in Singapore finance.yahoo.com The project will assist the bank to reduce the volume of financial crime by significantly increasing the accuracy and efficiency of the bank's fraud analysis efforts. The eFLOW(R) Automatic Signature Verification (ASV) solution has been deployed to carry out an automated digital comparison of signatures on check images against known good profile signatures in a volume of some 4 million checks per year. Bank checks and preauthorized drafts are scanned across the APAC region, at the start in Singapore and India, and collected for centralized processing. The bank selected SQN and TIS for the solution's high speed and proven accuracy, which substantially increases the power of the bank's fraud detection initiatives. Unlike manual fraud analysis of only a sample selection of checks, eFLOW ASV electronically examines every check that the bank processes. Configured in accordance with the bank's signature mandates, eFLOW ASV verifies the appearance of two signatures on checks over specified amounts and also reads CAR, LAR and other check data.

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