back Back

SignD uses Smart Engines AI solutions for credit card OCR

By Joy Dumasia

June 27, 2022

  • AI Enabled
  • AML
  • Credit Card
Share

SignD, a KYC provider integrating 30 different onboarding, compliance, signature and payment functionalities, has deployed Smart Engines software for credit card scanning. The technology helps SignD customers conveniently and securely verify credit cards without manual data entry. Using AI-powered scanning allows SignD to read the data from credit cards: first name, second name, date and the last four digits of the credit card number to check if the card belongs to the user and is still valid.

SignD provides a single platform for any business need: identity verification, KYC verification, risk analysis, Qualified Electronic Signatures, compliant onboarding, etc. The company’s services are available in the financial industry, healthcare, government, telecommunications, travel, gaming, and any digital business.

“We are pleased that our credit card scanning solution is becoming more and more popular all over the world and allows more and more companies to easily and accurately scan credit card data. For us, cooperation with SignD is an important milestone because SignD is a top provider of expert solutions for onboarding and risk management,” says Vladimir Arlazarov, CEO at Smart Engines, Ph.D.

The process of remote verification of a bank card has become fast and convenient for both SignD platform users and their clients, all you need to do is upload a card photo. The system will automatically scan the owner’s first and last name, expiration date, and the last four digits of the card number. The Smart Engines technologies used in the AI ​​solution provide a high level of security for processing personal and sensitive data since all calculations in the OCR process are performed within the SignD platform without transferring images over the Internet to third-party services.

The credit card scanner software by Smart Engines allows you to quickly and accurately extract data from credit cards issued by VISA, MasterCard, Maestro, American Express, JCB, UnionPay, Diners Club, Discover, RuPay, Elo, Verve, V Pay, Girocard, PagoBancomat, MyDebit payment systems, Troy, BC Card, Interac, Carte Bancaire, Dankort. 

“We are proud to help our partners implement advanced technologies in order to improve the user experience, reducing the costs and risks of their companies around the world. The implementation of the solution developed by Smart Engines helps us provide a first-class service and make the customer journey through a universal end-to-end platform fantastic. Credit card OCR is almost instantaneous and safe in terms of processing personal and sensitive data,” says Bernhard Reiterer, CEO at SignD.  

Previous Article

June 27, 2022

DigiDoe, a UK-based FinTech launches operations in Qatar

Read More
Next Article

June 27, 2022

LianLian Global launches US cross-border wallet for e-commerce retailers and entrepreneurs

Read More










IBSi Daily News Analysis

FinTech, future, trends

December 08, 2022

AI Enabled

Here’s how the FinTech landscape looks like for 2023

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

NetGuardians launches Community Scoring & Intelligence Service

Read More

December 07, 2022

5 FinTech acquisitions in Europe in November 2022

Read More

December 07, 2022

Tide launches new app in India, plans to on-board 5 lakh SMEs by end of 2024

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022