Signature verification is refer as a technique which is used by banks, intelligence agencies and high-profile institutions to check the identity of an individual. Signature verification is mainly used to compare signatures in bank offices and other branches of market or industry. An image of the signature or a direct signature is fed into the software of signature verification and then it is compared to the signature image on file
Rapid increase in the digitisation of banking services and Shifting of BFSI industry towards digital transformation
Growing acceptance of e-commerce and The need of decrease in the replication of identity
Arrival of several modes of authentication methods like OTP, PIN, and biometrics, signature verification which adds an extra layer for security and Rise transactional frauds, security breaches, data theft, provides the highest level of security to the customers in many sectors is fueling the market growth
The Players Covered in the Study are:
Cyber-SIGN (United States), Biometric Signature ID (United States), iSign Solutions (United States), Certify Global (United States), SutiSoft (United States), KeCrypt (United Kingdom), Ascertia (United Kingdom), Odyssey Technologies (India), Hitachi (Japan), WonderNet (Israel) and SQN Banking Systems (United States)
List of players that can be included in the study on immediate basis are Scriptel (United States), Parascript (United States), Secured Signing (New Zealand) and DynaSig (United States).