Your Market Asia, 22
January 2015: Cheque Recognition
Technology has been implemented in the bank to ease the transferring process of
the client. Paris-based A2iAa Tech Company has signed a deal with India to help
the bank in automating the cheque image truncation process.
15 million cheque will be
collected from more than 6oo branches of the bank by the company and will be
processed by A2iA cheque reader technology.
A2iA
Check Reader is the global standard for advanced image analysis and
intelligent recognition software used to seamlessly, precisely and securely
process checks and other payment documentation by banks, financial institutions
and other progressive corporations around the world.
Company is coordinating
with the Reserve Bank of India (RBI) and the National Payments Corporation of
India (NPCI) to bring in this technology in the Bank. This technology will help
the bank in the process of Check Truncation System (CTS). A2iA Check Reader is used
during millions of successful transactions every day, helping to minimize
errors and detect fraud within the global payment market.
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