CheckXpert.AI® The High-Accuracy, High-Impact Data Capture Technology for Banking
Process payments with better-than-human speed and accuracy. CheckXpert.AI is the industry leader in automated check recognition, reducing data entry costs by over 80%.
Smarter, Faster Payment Processing
As banks continue to transform branches to support higher-value interactions, automation of transactional tasks is crucial. CheckXpert.AI offers the financial industry the ability to continue to improve customer experience while also reducing costs.
Using the latest advancements in machine learning, CheckXpert.AI processes payments with better than human accuracy and speed. Leveraging proprietary deep learning algorithms, it processes checks in a significantly smarter, more human-like way, handling even the messiest handwriting with ease.
Challenges We Solve
Manual check processing is a slow, expensive legacy process that’s prone to errors. ParaScript helps modernize your operations by solving these core efficiency issues:
High Data Entry Costs
Drastically reduces the need for human operators to type in check amounts and MICR data.
Human Error in Processing
Eliminates the typos and fatigue-related mistakes that lead to costly banking adjustments.
Slow Transaction Speeds
Enables straight-through processing for the vast majority of your daily transaction volume.
Total Stream Recognition for Any Document
CheckXpert.AI isn’t just for checks. It is designed to handle the full stream of Proof of Deposit (POD) and remittance documents, including deposit slips, money orders, traveler checks and internal bank documents, ensuring a unified processing workflow.
Features and Benefits
Complete Data Capture
CheckXpert.AI moves beyond simple amount recognition to digitize the entire financial story of every check. Our engine performs a holistic review of the document, capturing the payor block, date, and check number to ensure validity, while simultaneously reading the payee line and memo field for enhanced compliance and context. It delivers precision MICR line recognition at the character level and even flips the digital document to analyze endorsements on the back, ensuring a 360-degree audit of every item in the stream.
Intelligent Validation Logic
The true power of CheckXpert.AI lies in its ability to cross-reference data just like a human teller, but with greater speed and accuracy. The system executes rigorous CAR/LAR mismatch detection, comparing the numerical amount against the written legal amount to guarantee they align perfectly. By verifying the payee line and ensuring the date is current, the software automatically flags potential returns or fraud before they impact your balance sheet.
The ParaScript Advantage
CheckXpert.AI is trained on hundreds of millions of real-life images. This massive knowledge base allows it to read messy handwriting and complex backgrounds that cause other systems to fail.
Ready To Connect?
We want to know more about your organization and how we can help you become more efficient, secure and profitable.