Script ParaScript Expands Presence in Africa, Connects with BIRGER for Automating Bank Check Processing in Mauritius
ParaScript, an AI-powered document processing company, has formed a strategic partnership with BIRGER., a technology solutions provider in Eastern Africa. This collaboration marks ParaScript's first entry into the African market.
The partnership aims to help commercial banks in Mauritius automate high-volume check processing, reducing manual processes and lowering operational costs. The technology developed by ParaScript is designed to reduce manual review and detect fraudulent activity.
ParaScript's CheckXpert.AI SDK and SignatureXpert.AI SDK will enable automated data extraction, fraud detection, and verification for Mauritian banks. These solutions are trained on millions of real-world check images, achieving accuracy rates up to 99.9% with multi-image processing.
BIRGER., with its deep expertise in delivering technology solutions to the banking sector and financial institutions in Eastern Africa, identified the need for advanced check processing technology that balances automation with human validation. The collaboration intends to strengthen fraud detection capabilities for banks in Mauritius.
David Gerber, Senior Vice President of Sales at ParaScript, expressed his excitement about the partnership with BIRGER. in Eastern Africa. He stated, "This partnership underscores ParaScript's commitment to supporting financial institutions worldwide with comprehensive AI-powered solutions."
The collaboration between the two companies is focused on protecting against evolving fraud threats in the Mauritian banking sector. The partnership is intended to help banks in Mauritius accelerate their digital transformation and deliver a measurable return on investment.
ParaScript's entry into the African market is a significant step in its global expansion. The partnership strengthens ParaScript's presence in the African market, marking its first entry. BIRGER., which has previously deployed check truncation solutions across several banks in Mauritius, will play a crucial role in the successful implementation of ParaScript's solutions in the region.
The partnership between ParaScript and BIRGER. underscores the growing importance of AI-powered solutions in the banking sector. As financial institutions worldwide seek to automate processes and improve fraud detection capabilities, partnerships like this one are set to play a key role in shaping the future of banking.
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