Sybrin's Signature Verication System (IVS) is an advanced signature and mandate management product which allows a nancial institution to digitise signatures and mandates for use whenever signatories need to be veried against a known reference. Signatures can be matched to client photos or other forms of identication, and mandate rules can be applied for each client.
Using this system, the customer signatures will be displayed to the user, coupled with the mandate information, for identication. It is also a comprehensive tool used to capture, store, verify, and compare signatures and account mandates. In addition to
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its own viewer, the module provides for 3 party interfaces and access to the signatures and mandates through a comprehensive Application Programming Interface (API) and/or web service.
IVS also offers an automatic signature verication option which can automate the signature comparison process when presenting cheques or other signed vouchers through a transport machine. The adjustable condence factor will determine if a signature is identied as a positive match to the existing stored signature(s).
The variety of identication methods incorporated into IVS includes biometric signature recognition – supporting ngerprints, photographs, as well as iris and voice matching technologies. IVS also supports different classes of services, offering methods of ltering mandate rules to apply to certain types of signature requirements, based on the transactions involved.
The advantages of using a centralised signature verication and storage module are endless. A signicant percentage of all items which are sent to the Bank's Central Processing Centre require signature verication either due to a technical fault on the cheque or the amount on the cheque exceeding the customer's account limit. This often requires that the item be sent back to the branch for verication because the account mandates are held at the branch. This process can be costly and time consuming. An online verication system eliminates this.
Despite the constant changes in the banking technology sector, signatures are still the most universally accepted means by which to verify transactions. The vast size of nancial and banking institutions, the growing number of transactions, and the
Sybrin
Key Features
Different Methods of Verication
Sybrin's IVS supports a wide variety of identication methods. Currently, IVS supports written and digitised signatures, barcoded ID documents, as well as biometric verication methods. These include thumbprints, photographs, iris scans and voice recognition; with support for future identication methods. These techniques can be combined to create a rigid set of verication rules to ensure the authenticity of the person they represent.
Intuitive Flexible Authorisation System
IVS allows banks to create exible and extensible mandate authorisation rules for manual and automatic verication. These rules can be simple and only dene the single signatory required on the cheque for authorisation. Simultaneously, more complex rules can be created, where signature mandate groups can be dened and categorised, featuring full control over the amount of signatures required, the grouping of signatories, the value of vouchers, and the categorisation of persons.
Full Auditing Function
IVS supports a full audit trail which allows for the tracking of signed vouchers which in turn facilitates both risk management and fraud prevention. Signature verications are tracked, at multiple points during the authorisation process, which gives the bank a comprehensive overview of daily transactional activities.
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Sybrin CORE is the backbone of a large variety of distinct yet tightly integrated modules, creating a solution that is practically limitless in customisation, meeting each and every customer requirement in the industry. Sybrin conforms to accepted interface standards and is platform independent, providing one unied information repository for full-function imaging, advanced routing, Enterprise Report Management, and document management in client/server and web environments.
Our innovative system is versatile enough to function as a standalone solution for document management, but could also be integrated as a front-end or back-end
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to a 3 party application, such as an E.R.P. or accounts receivable solution. Security is paramount to Sybrin, and audit trail functionality, to keep track of each and every activity performed on business processes, is included.
The Sybrin Product Platform
Payment Solutions Information Mgmt.
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Branch
Cheque
Corporate
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Document & R
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Statement Solutions
Imaging & W
In this example the client submits a
mandate from which her instructions and
signature are digitised and matched to her
identity on IVS. One, Ms. Austen deposits a
cheque, her identity is veried with the
known specimen and her transaction is
authorised based on the outcome.
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Multi-Currency Clearing (MCC)
Multi-Currency Clearing allows for the clearance of any currency between local and
Notication Gateway
The Sybrin Notication gateway works in close conjunction with Sybrin's FrontOfce, Sybrin ACH Payment Processor, and the Sybrin Identication Verication Solution to send out customisable SMS or email notications once key account activities occur. This helps your customers manage their accounts and improves customer satisfaction. These account activities may include deposits, withdrawals, and the tracking of all other transactions.
Commissions & Charges
The Commissions and Charges module makes the task of applying commissions and charges to any transaction simple and intuitive. Using this module a bank can set up and maintain billing plans per a customer or customer group. Billing plans can be set up according to various transaction types and transaction volumes. Transaction charges can be either xed or commission-based.
Know Your Customer (KYC)
KYC is an international convention implemented by banks to validate the identities of people and companies with whom they do business. The efcient management of customer information is a challenge; but Sybrin FrontOfce enables banks to effectively manage this task resulting in the provision of fast and efcient service. It also plays an integral part in the prevention of identity theft fraud, money
laundering and the nancing of undesirable/illegal activities.
Signature Verication
Signature verication is either a manual or automatic process. The manual process
Signature Storage Repository & Access
IVS can store any document format within one electronic repository. The physical images of the signatures and mandates, which are stored in this repository, are encrypted and compressed using Sybrin's built in encryption tools. This ensures that the images can only be viewed using the Sybrin Client application, the Sybrin Application Programming Interface (API) or Sybrin's web services.
Signature Cleanup/Assurance
IVS has a facility for improving captured signatures. This involves enhancing the signature/mandate for more accurate verication. As the mandates and signature forms are captured, Sybrin will automatically crop the signature from the forms based on predened parameters, or the operator can manually perform these duties. Multiple signatures can be captured on one mandate or signature capture form, and stored within the system.
Signature Capture Engine
Customer signatures can be obtained from a number of sources, such as account opening forms, mandates, electronic copies from legacy systems, and signature capture forms. The Sybrin Signature Module has three modules which cater for capturing signatures, the Sybrin Scan Module, the Sybrin Transport Module and the Sybrin Import Module.
