RELEASE: Parascript adds a new patent to its portfolio - signature verification methods and systems

(Information sent by the signatory company).

RELEASE: Parascript adds a new patent to its portfolio - signature verification methods and systems

(Information sent by the signatory company)

LONGMONT, Colo., Jan. 5, 2023 /PRNewswire/ -- Parascript, a Colorado company dedicated to creating AI-powered solutions for automating document processing, has been granted a patent (US 11521428 B1) on December 6, 2022. The patent refers to signature verification methods and systems.

Parascript's patent on signature verification methods and systems can help companies that want to validate the identity of individuals through signature verification. The proposed methods capture a signature image or signature path on a digital pad where it is verified by comparing it to a reference signature. The reference signature may be available in the form of an image or path collected during the signing process on a pen-enabled device. The patent describes several use cases for identity verification: identity verification for remote access to services, identity verification at self-service kiosks, automated face-to-face identity verification, and biometric signature encoding in identity documents, credit cards, etc. Below are some of the possible use cases.

Parascript Spreads

Parascript's signature verification methods and systems enable highly accurate automatic signature verification for identity verification. Innovative machine learning technologies make it possible to simultaneously process signatures presented in different ways (path or image) without converting them to the same input type. This removes limitations that prevented the use of automatic signature verification for identity verification purposes, and increases the accuracy of signature verification.

Parascript

Parascript software saves companies over a billion dollars a year. Parascript's state-of-the-art software incorporates proprietary AI technologies to provide robust data capture solutions that bring the highest levels of accuracy when processing documents. With more than three decades of experience applying AI to solve complex problems, Parascript can automate document-oriented processes in structured, semi-structured, and unstructured formats, dramatically reducing human involvement. Parascript has automated the postal, mortgage, payment processing, and hundreds of other processes.

CONTACT: Maria Komiyama, maria.komiyama@parascript.com

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View original content: https://www.prnewswire.com/news-releases/parascript-anade-una-nueva-patente-a-su-cartera---metodos-y-sistemas-de-verificacion-de-firmas-301713393.html

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