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ParaScript Introduces AI-Powered CheckStock.AI® to Enhance Fraud Detection Capabilities

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ParaScript, a company specializing in AI-powered document processing, has released CheckStock.AI®, a new solution designed to bolster its existing check fraud detection capabilities through advanced check stock verification.Built on a new AI foundation, CheckStock.AI® employs a combination of image analysis and pattern recognition to identify counterfeit checks, alterations, and the use of unauthorized stock designs. The software takes a holistic view of each check by comparing its preprinted elements—such as field labels, security features, logos, and watermarks—against a verified reference image tied to the same account. This significantly improves detection accuracy, helping to identify subtle changes that might otherwise go unnoticed.Check stock verification is a critical component in preventing check fraud, regardless of whether checks are deposited physically or remotely. Automating this process aims to accelerate and improve detection accuracy, reduce false positives, and ultimately help financial institutions minimize fraud losses while enhancing customer experience. When inconsistencies are found, the technology highlights specific areas of concern, enabling deeper investigation and saving financial institutions significant manual review time.Emiliano Giacchetti, CEO of ParaScript, stated, “Check stock verification is a critical method for preventing check fraud. Our multi-layered verification approach gives financial institutions a faster way to verify the integrity of the checks and documents they process, helping them better protect customers from costly fraud, while freeing up resources to focus on growth and delivering exceptional service.”Beyond checks, ParaScript’s new solution can also be applied to other non-check documents such as diplomas, certificates, contracts, and licenses that utilize consistent preprinted zones and predefined templates.ParaScript develops AI-powered recognition solutions that process over 100 billion documents annually. Leading financial institutions, government agencies, and corporations in the US, Europe, Latin America, and Australia rely on ParaScript to automate their document processing, improving efficiency and accuracy while reducing costs.

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