March 29, 2017 2:24 AM ET

Software

Company Overview of XMS Penvision AB

Company Overview

XMS Penvision AB provides digital pen and paper solutions. The company offers Formidable, a system for the design, development, administration, printing, and processing of digital pen and paper with the integrated routing software PenPusher; and naturalForms Cloud, a cloud-based service that simplifies forms-based data capture on iPad and Android devices for the business market. It also offers services ranging from training to professional support. The company serves customers through a partnership network. Its platforms are installed and used in Europe, Asia, America, Africa, and internationally. The company was founded in 1996 and is based in Norrköping, Sweden. As of July 23, 2015, XMS Pe...

Västgötegatan 13

Norrköping,  602 21

Sweden

Founded in 1996

Phone:

46 1 14 00 13 00

Fax:

46 11 10 30 50

Key Executives for XMS Penvision AB

Chief Executive Officer
Compensation as of Fiscal Year 2016.

XMS Penvision AB Key Developments

XMS Penvision Announces Immediate Availability of Sign and Sign Work Signature Verification to its Formidable

XMS Penvision announced the addition of Sign and Sign Work Signature Verification to its forms creation and capture platform, Formidable. Signatures are still widely used in many business processes as a form of identification or to approve and accept legally binding documents. Conversely, due to the increase in identify theft, signature fraud is a growing issue that needs addressing. Spotting fraudulent signatures with the naked eye is difficult, time consuming and prone to error at the expense of the organisation. With Sign and Sign Work customers and/or employees signatures are registered and any further signatures are automatically analysed in different dimensions biometrically on any hand written paper form or document. If a signature is flagged as possibly fraudulent immediate action can be taken to further assess the risk. This reduces the reliance on human intervention, speeds up the process and significantly reduces the risk of fraud. Formidable is the most used digital writing platform deployed globally across 40 countries. Formidable provides a simple web-based platform that enables the set up, completion and output in digital format of business forms and documents. Leveraging My- Script handwriting recognition technology, handwritten input is captured and converted to digital text at the point of entry on either tablet/smartphone screens or normal paper via a digital/smart pen.

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