CASE STUDY – 4

Validate Counterfeit Cheques for a Bank

  • Key Challenge: One of our clients from the banking sector faced a financial loss of Rs. 50 lakhs due to counterfeit cheques.
  • Our Solution: A distinct, unclonable barcode on each leaf of the cheque book.
  • Vijna Advantage:
    • A low-cost solution to banks because of its cost-eciency in printing the barcode on cheque leaves.
    • Patented by Vijna Labs, making it a unique solution.
    • Very well integrated with the printing process.
  • Client Impact:
    • Brought transparency, security and faster way of working because of secure cheque leaves.
    • Easily veriable cheque leaves avoided fraud.
    • The integration of unclonable barcode considerably reduced the reports of duplication/cheque fraud.