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What is a2ia XE?

Understanding the critical role of data accuracy and automation within the fintech sector, Mitek's committed research and development teams have unveiled a groundbreaking approach to check image recognition. This cutting-edge solution, referred to as XE™, offers significant advantages, such as improved straight-through processing rates, through the utilization of a recurrent neural network (RNN)-based engine that provides notably higher accuracy compared to rival offerings. In addition, XE™ boasts a flexible and customizable framework that integrates effortlessly into extensive payment, omnichannel, and banking systems, allowing for the automatic identification and extraction of vital check information, including the amount (both Courtesy Amount – CAR and Legal Amount – LAR), date, and the payee's name, regardless of whether the writing is in print or cursive. Moreover, the toolkit includes sophisticated image quality analysis (IQA) and image usability analysis (IUA) to ensure compliance with Check 21 standards and other applicable industry and regulatory guidelines. This pioneering strategy not only enhances efficiency but also establishes Mitek as a vanguard in the fintech landscape, meeting the escalating demand for accurate and effective financial solutions. As the industry continues to evolve, Mitek remains at the forefront, driving innovation and setting new benchmarks for excellence.

What is SENTRY: FraudSuite?

SQN Banking Systems delivers an advanced check fraud prevention platform, SENTRY: FraudSuite™, that integrates multiple detection technologies to safeguard banks from a wide array of check fraud threats. Utilizing AI and machine learning, the system performs in-depth check image analysis, examining every detail printed on checks to uncover counterfeit attempts. It builds detailed customer profiles based on transaction behavior and historical data, allowing it to detect anomalies and suspicious activity with high accuracy. The platform’s signature verification tool compares new signatures against a database of verified ones and adapts to legitimate signature changes over time. Handwriting variance detection further strengthens security by analyzing handwritten alterations on checks, such as modified payee names or amounts. SENTRY: FraudSuite™ protects against common fraud types including altered, counterfeit, forged, duplicate, and kiting checks, as well as fraudulent deposits from closed or empty accounts. The solution’s holistic approach consolidates multiple fraud measures into one seamless platform, helping banks reduce losses and enhance operational efficiency. SQN Banking Systems also provides banks with a variety of educational resources, such as brochures, guides, and real-world case studies to demonstrate the platform’s effectiveness. This ensures banks are equipped to identify evolving fraud tactics and maintain robust defenses. Overall, SENTRY: FraudSuite™ empowers financial institutions to secure their check processing workflows with cutting-edge technology and data-driven insights.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Mitek (A2iA)

Date Founded

1991

Company Location

France

Company Website

www.a2ia.com/en

Company Facts

Organization Name

SQN Banking Systems

Company Website

sqnbankingsystems.com/check-fraud-protection/

Categories and Features

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Categories and Features

Banking

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

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