Parascript Integrated Into Banking System
Boulder, Colorado-based Parascript, a provider of pattern recognition technology, has scored a new win with SQN Banking Systems. The firm's image recognition technology is being integrated into a product from SQN that provides fraud detection for the financial industry. SQN's SENTRY:Seal product is used to provide instant check verification; Parascript's CheckPlus check recognition product will be used by SQN's product to detect fraudulent checks. Terms of the deal were not disclosed. Parascript's products are based on cursive handwriting recognition.
posted on Thursday, August 24, 2006
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