In today’s fast-paced and technologically advanced world, signature verification is crucial to ensuring the security of financial and legal documents. This is particularly true for the banking industry, however, any business that deals heavily in these types of documents can benefit from state-of-the-art automatic signature verification software.
What Types of Documents Are Compatible with Automatic Signature Verification?
There are many different types of documents that can be scanned with automatic signature verification software to ensure that the signature is legitimate, including but not limited to:
- Checks are likely the most critical of all documents that must go through signature verification in order to identify fraudulent signatures. False signatures on checks should be able to be spotted immediately in real-time in order to safeguard banks from financial damages.
- Loan and mortgage documents. Verifying that a signature on a loan or mortgage document is authentic can be important to banks and financial institutions in the event that a loan is disputed. The bank can then use automatic signature verification to show that the person disputing the loan did indeed sign the original document and owes as agreed.
- Business contracts. Signatures on contracts of any kind, including business and employment contracts, can be confirmed with automatic signature verification software to ensure that the contract will be legally enforceable.
- Insurance and compliance documents. Verifying that a signature on an insurance or compliance document is genuine can help to authenticate an individual in circumstances where validating that a person is who they say they are is of particular importance.
- Other legal documents. Any legal document can be scanned with automatic signature verification software to reinforce the document’s legitimacy.
Automatic Signature Verification Software
At SQN Banking Systems, we use SENTRY: Sig Check software to help identify fraudulent signatures on checks and a variety of other documents in real time. This is particularly valuable in the banking industry, where tellers would need to recognize a false signature quickly, while the client is at the bank attempting a transaction.
This software allows signatures on almost anything to be scanned into a database, which then uses the database of known authentic signatures to compare new signatures to. If the new signatures do not match those that are stored in the database and known to be authentic, the transaction is flagged as potentially fraudulent. The bank or other facility can then decide what steps should be taken from that point forward. Additionally, SQN uses SENTRY: eSigning to capture electronic signatures and SENTRY: Signature to provide visual signature verification.
Contact SQN Banking Systems Today
Automatic signature verification is quickly becoming a necessity for a number of industries, especially in the banking trade. Contact us today by filling out our simple online form to learn more about SENTRY: Sig Check and how this software can help identify fraudulently signed documents and make your bank or business more secure.