Although writing is a trait by which a person distinguishes himself physically, it is also a skill acquired later. Signature recognition requires a person’s writing to provide a sample written text so that basic measurements can be made. While the purpose of signature detection is to identify who the author of any given sample is, the purpose of signature verification is to verify or reject the submitted sample. Writing samples can be analyzed using two different techniques.
OCR signature detection intelligently analyzes signatures taken from checks or official documents and compares them with real reference signatures, greatly reducing fraud. The solution works on the basis of direct processing and uses intelligent pattern recognition algorithms for scientific matching, including machine learning, and takes into account the security policies and procedures of financial institutions to eventually accept or reject the extracted signature.
Advantages of OCR Signature Detection
- Reduced Risks
Greatly reduces fraud and errors caused by manual processing
- Detection of Fraud
Automatically detects forged signatures to prevent forgery
- Reduced Costs
Reduces the traditional overheads incurred by institutions due to manual signature verification
- Productivity Increase
It ensures that verification is carried out in a timely and consistent manner in order to increase the process efficiency of institutions
- Increase in Accuracy
It provides unprecedented levels of accuracy that outperforms manual operation
- Increase in Customer Satisfaction
Reduces the processing time of checks or documents, thereby increasing customer satisfaction
Innovative function of OCR in Signature Detection
As a result of the developments in the IT sector, there have also been a number of developments in contract law, which is the most important element of the law of obligations. Wet signature has been replaced by electronic signature, biometric signature. Due to the increasing use of tablets in recent years, some contracts, contracts, order forms in the business world have become completed by being arranged digitally on a tablet or pad and signed by means of an electronic pen. This signature, which is called a biomretric signature, is; it is a computer-aided system developed for the purpose of identification by recognizing the physical and behavioral characteristics of a person. In the Biometric Signature Application, since the biometric signature data is stored in the system cryptographically, it is logged in case the signature is copied, and the information about who accessed it is recorded, so even if the biometric signature is copied, who copied it can be detected immediately. There are internationally proven, established assessments on the security of a biometric signature. The Biometric Signature System is very fast and can be integrated with all systems, it is designed in accordance with the customer preference in online transactions for companies that make transactions in the field.
Benefits of OCR Signature Detection
Nowadays, the use of features and biometric features as identification, authentication and personal verification factors has become an everyday thing. Biometric and related biometric signature arrangements, private and public institutions (Banks, Hospitals, Public Administration, Insurance, …) has become a trend in our personal life in parallel with the effervescence of the digitization of our daily interactions. In addition, the channels of interaction between people have become non-existent in most cases.
This fact is the necessity to remotely identify, verify and interact the technology with our transaction environment through our own unique personal identity; each individual has unique, personal and distinctive biometric characteristics. All previous registration and secure surveillance of personal biometric characteristics, complete verification, comparison and confirmation of our identity and access to our personal biometric aspects allows us to work remotely based on.
In this environment, authentication and biometric signature, whether in handwriting or using our voice or with our biometric fingerprint, can be used in our daily remote operations, using our personal devices (tablets, smartphones, technological platforms, etc.) Allows us to capture our identity in person or remotely by using. In addition to the spelling itself, other biometric characteristics of the vocalizer are collected, such as voice, footprint, facial recognition.
Although all of them allow a person to be approved, the most common way to proceed with signing and contract acceptance is with a handwritten biometric signature, voice and fingerprint signature. Face and iris recognition complements the previous ones as a way of verification and personal authentication. As a result, the combination of other personal biometric characteristics adds more security to the authenticity of the operation and means that it is not possible to completely invalidate the person’s identity, identity and therefore has full legal validity.
