Dragnet Solutions, Inc. Granted Patent for Document Authentication Based on Expected Wear
Patented Technology Enables DSi Document Insight™ Service to Analyze ID Wear for Authentication and Document Tracking, Streamlining Account Opening and Transaction Verification
NOVATO, Calif., November 2, 2016 – DSi (Dragnet Solutions®, Inc.), a leading provider of data-driven insight services for financial organizations, today announced that it has been issued U.S. Patent No. 9,483,629 for “Document Authentication Based On Expected Wear.” The patent covers a system that enables authentication based on a physical document, ID, photograph, barcode or magnetic stripe. Specifically, an authentication service is described that utilizes characteristics of the item, data or token that represents the item or data to authenticate a user. The characteristics of the item or data may be processed based partially on the expected wear or degree of difference of the item, data or token from the last time it was presented.
"This patent demonstrates our Document Insight service’s unique approach to document authentication based on machine learning," said Greg Coté, CEO of Dragnet Solutions, Inc. "Our real-time document authentication and identity verification platform adapts to real world conditions, such as the wear or change that identity documents experience through everyday handling or the passage of time. Recognizing that any reliable document authentication solution would need to account for the real-world conditions of those documents, we developed this unique approach to analyzing driver licenses and other identity documents that consumers present when authenticating themselves. To develop this technology, we leveraged our unique role as the physical custodian of fraudulent identity documents that had been confiscated by banks. Our real-time Web services solve the document authentication and account-screening problems that financial institutions, retailers and non-bank lenders are facing every day."
"Our Document Insight platform, with its AI Extract and AI Authenticate services, is designed to adapt and learn what identity documents should look like, including their security features and other identifying features," Coté continued. "Whether it's used at account opening to authenticate a new account holder or for verifying a returning customer via the unique token assigned by the platform to a specific ID, Document Insight ensures a safe, frictionless consumer experience that will help organizations accelerate the adoption of mobile financial services."
DSi (Dragnet Solutions, Inc.) is a leading provider of data-driven insight services that enable financial organizations to reach new markets, open new channels, and safely grow profitable accounts. DSI Accelerated Insight(SM) is a real-time account screening service that helps organizations confidently say yes to more qualified applicants, including those with limited financial histories. Built on DSi’s proprietary discovery system, Accelerated Insight provides a fast, web-based interface that enables organizations to better differentiate customers, grow revenues, prevent fraud, and comply with KYC/CIP, Red Flags, and OFAC. DSi Document Insight is a real-time document authentication and auto-form-fill service that enables mobile users to authenticate themselves with identity documents such as driver’s licenses, streamlines account opening and transaction verification, and delivers a fast, frictionless customer experience for mobile users. DSi is privately held and based in Novato, CA, north of Silicon Valley. For more information, please visit www.dragnetsolutions.com.
Dragnet Solutions is a registered trademark and Accelerated Insight, Intercept, ad Mobile Intercept are service marks of Dragnet Solutions, Inc. Other names may be trademarks of their respective holders.
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