ICR Software in Handwritten Data Recognition and Processing

The ICR(Intelligent Character Recognition) software is frequently used in financial, commerce, healthcare, cryptocurrency, and countless platforms for making the extraction process of data filled by hand swift, which further leads to accurate verification of the submitted documents for various purposes. The technology integrated into the data entry programs and digital records authentication of different organizations enables the solution to identify handwritten text on the uploaded images of particular documentation with accuracy.

Even after the digital transformation of businesses and the banking sector, the same organizations require ICR software as every document, form, and template contains a number of sections that require to be filled by hand

Why is ICR Software Required, When a Firm Already has OCR?

Billions of people have millions of writing styles, some of them get easily identified by human verification some might not. The technology prevents enormous time from being invested in the identification of handwritten text and it is extremely significant as this is the current age of mass globalization, and there is not any single bank or business enterprise that does not have international clients or does not wish to expand across boundaries.

Due to this, a substantial amount of documents and forms get processed by a company or platform on a daily basis, the OCR technology takes care of the printed data in a universally adopted style or font. However, the ICR software handles the handwritten material.

Every form or document has a different style of writing in it, the ICR software recognizes the complicated written information and converts it into a standard state for the convenience of verifying or processing platforms so the customer onboarding process can be seamless

ICR Software Vs OCR

The term OCR (Optical Character Recognition) technology is always associated with ICR software. Often both screening services are misinterpreted. People do think of them as one. However, that’s not the case. It is an extending branch of  OCR technology.

OCR is frequently practiced in the verification processes of documents and individuals for signing up or getting facilities of a particular organization or a bank. The OCR technology captures the printed field of areas from the submitted documentation and redesigns the structural organization of the required information.

On the other hand, ICR software is used to verify textual data filled by hand, probably the signature of the concerned individual or any customized description section of the form.

The Working Mechanism of ICR Software

Just like a human learns and recognizes new things from gaining inputs from his/her senses and surroundings, exactly the same is the case with ICR software. Different writing styles and fonts are encoded in the AI model of the solution, therefore it recognizes millions of writing formats despite the complexity of the style of a person, and extracts the desired information in seconds.

1. In OCR screening, when the document is digitally submitted on the verifying platform. The ICR software scans the handwritten section of the image.

2. The scanner app inspects every single letter of the handwritten text. The characters that are smudged or forged do get identified instantly due to the self-learning model of the ICR software and are rejected on the spot

3. The character verification displays the refined data into a proper structure for the use of the concerned bank or firm

The documents provided for scanning must be preserved in a fresh state. Damaged documentation with manual corrections and overwriting won’t be recognized effectively. The unclear or overwritten numerics or alphabets get assigned low confidence value by the ICR software, which means the system cannot identify and derive data from them, to maintain safety reasons, such customer profiles or documents don’t reach the next stage.

Intelligent Word Recognition (IWR)

Another technology often misjudged as ICR software is IWR. Both  ICR and OCR are their subsets. It is clear from the name, the IWR recognizes the handwritten words of the documents: those ones that are not usually designed in a systematic form or structure.

Conclusion

ICR software is an integral part of OCR technology. The optical scanner identifies the handwritten material from the soft copy of uploaded documents, physical data entry forms, and regular templates. The firm or bank guarantees absolute confirmation of a person or a firm after the ICR software scanning.  The engraved text is convenient to capture and analyze but the handwritten part generally can be hard to recognize due to either unclear writing or unfamiliar styles and fonts, the ICR handwritten recognition solution saves loads of time in data recognition and processing as the performance of the self-learning model of the solution enhances after every scan.