RDC Prioritizes Customer Convenience
Remote Deposit Capture (RDC) offers unmatched convenience for retail banking customers while cutting service provider costs. Bank and other financial institutions reduce overhead by enabling deposits via smartphone or computer. RDC turns a customer’s phone into a personal bank teller, making for fast transactions that go straight into the bank’s processing system without the need for human interaction for processing.
Maintain a positive customer experience by embedding solutions that support your digital transformation strategy.
Automated Check Verification Streamlines Business Processes
Efficiencies found with offering RDC capabilities do not stop at the front-office. If anything, they must carry into the back-office.
Banks relying on manual verification of checks will struggle to meet the fast processing expectations that customers demand. Waiting a day, let alone hours, has become unacceptable to mobile banking app users. Add to that the high volume of checks associated with mobile retail banking, and the expectations become almost unattainable.
Automating check processing is a powerful first step to automating back office processes. Parascript solutions prioritize high-accuracy data capture and delivery, making them suitable for both established and developing systems.
Errors Are an Inconvenience in Deposit Processing
The best RDC needs flawless handwriting recognition, no matter how messy the handwriting.
Parascript software goes beyond payment processing— it powers the automation behind many solutions utilized by banks. Our software verifies signatures, MICR codes, check stock alterations, duplicate presentment, signature validation, CAR/LAR mismatches, and payee match discrepancies.
Parascript excels at high rates of accuracy from the start of us, but it does not stop improving. With embedded AI-powered technology, our software learns on your documents to increase accuracy over time.
Reliable data capture is key to automation. Moving a back-office system from manual to automated can mitigate losses, protect assets, and improve customer service and loyalty. Parascript automation software for check and payment processing can be deployed in both front or back office environments, and it enable financial institutions to provide more comprehensive automation at lower costs than ever.
Improve System Performance To Keep Up With Growth
Companies set ambitious growth goals, and achieving them requires reliable systems that can keep up. Consider how established systems would benefit from processing improvements.
Scalability and Performance
If errors and exceptions follow the same increase as transactions, a system’s efficiency will be compromised. Parascript’s scalable solutions are designed to maintain performance by efficiently processing high volumes of transactions with minimal errors, supporting growth without sacrificing system speed.
System Uptime and Availability
Customer tolerance for downtime continues to shrink. Parascript’s advanced image analysis and pattern recognition technology ensures high accuracy in data extraction, minimizing the need for manual corrections and reducing the potential for system downtime due to data discrepancies.