Newgen Software announced the issuance of Patent Number 308375, entitled “A Method and System for Automatic Data Extraction” and Patent Number 305015, entitled “Automated Identification of Nature of a User in a Network Based System”.
Speaking on the grant of these patents, Diwakar Nigam, Chairman and Managing Director, Newgen Software, said, “We are extremely pleased with the issuance of these patents. We have always believed in exploring new possibilities and providing our customers with state-of-the-art products and solutions, equipped with advanced features and functionalities. These patents will help us expand the reach of our products while maintaining exclusivity.”
Newgen continues to maintain its innovative culture and these patents recognize Newgen’s efforts and inventions. The invention titled A Method and System for Automatic Data Extraction (Patent No. 308375) empowers organizations to extract handwritten information from documents. This will help Financial institutions to easily verify signatures on a cheque image, facilitating a seamless cheque-clearing cycle.
The invention titled Automated Identification of Nature of a User in a Network Based System (Patent No. 305015) overcomes the existing challenges faced by current captcha systems. The technology enables organizations to automatically identify whether a user visiting their website is a robot or a human, with the help of a video captcha or an animated captcha.
Newgen has filed for 44 patents till date, out of which 10 have been granted. And, there are 3 patents under examination in the US.