Enhanced Accuracy for Check Image Processing
Understanding that data accuracy and automation are critical factors within the fintech space, Mitek’s in-house research and development teams have brought to market a new approach to check image recognition. Delivering tangible results, including increased straight-through processing rates, XE™ applies an RNN-based engine to achieve significantly higher levels of accuracy as compared to other industry offerings
XE’s flexible and customizable footprint is easily integrated into end-to-end payment, omni-channel and banking solutions to automatically locate and extract key fields on checks such as the amount (Courtesy Amount – CAR, and Legal Amount – LAR), date and payee name, regardless of whether the data is written in machine print or cursive handwriting. With built-in image quality analysis (IQA) and image usability analysis (IUA), the toolkit also ensures that the check meets Check 21 requirements and other industry and regulatory standards.
Users gain more control over the capabiliites and are secure in knowing the products Mitek provides are proven in more than 42 countries around the world. Drive increased automation, a higher return on investment and deliver better service offerings with XE.