Arab Bank Goes Live with ProgressSoft’s Automatic Signature Verification

Arab Bank goes live with ProgressSoft’s Automatic Signature Verification solution, PS-ASV, a renowned solution that eliminates the manual process of signature verification and massively enhances fraud detection percentages.

PS-ASV, which utilizes artificial intelligence and advanced geometrical analysis to provide a highly accurate comparison between extracted signatures and automatically retrieved reference signatures, is now providing Arab Bank with advanced capabilities to enhance the efficiency of processing financial transactions. This is in addition to optimized approval processes and accuracy, reduced associated signature verification costs, and increased stability and reliability.

The solution was tailored to meet Arab Bank’s security policies and procedures, and seamlessly integrated with the bank’s back-end systems to provide seamless and automated verification of signatures on financial documents and checks in a straight-through processing manner.

ProgressSoft is delighted to be celebrating another milestone in its long-term partnership with Arab Bank, and looks forward to additional success stories in the future.