Sherlock 5.3 is the latest release for our OrboAnywhere Suite of Check Fraud Detection and Automation solution suite.
Check fraud is being fueled by the sale of stolen checks on the dark web. Watch the exclusive interview between Dr. David Maimon and Joe Gregory to uncover the secrets of the stolen check marketplace.
We are fraud fighters preventing on-us and deposit fraud by utilizing image forensics and transaction analysis.
99% automation with 99.5%+ accuracy on checks for teller capture, lockbox, mobile, RDC, ATM, and inclearing amount verification.
OrboGraph Announces Open Consortium Strategy
at Innovation Conference, Initiating with Advanced Fraud Solutions TrueChecks®
Robust consortium data set currently includes 2,500 institutions and 25,000 routing numbers
Burlington, MA, June 11, 2024 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the successful integration of Advanced Fraud Solutions TrueChecks® within its OrboAnywhere Sherlock 5.3 release as part of an open consortium strategy to reduce deposit and on-us fraud across the industry. The AFS check consortium mega-metadata currently consists of fraud information from over 2,500 financial institutions, 25,000 routing numbers, and nearly 100 million accounts represented in total.
A consortium is an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member. Consortiums take various flavors, as many are focused on collaboration and open information sharing while others are technical products or services only accessible to a limited group of members. Consortiums serving the check fraud industry that are directory-based include: ABA, The Clearing House (ECCHO), and NACHA, all offering contact information to expedite return handling.
Innovating Payments: Automation and Fraud Detection
Financial institutions need continued innovation to stay ahead of the modernizing banking ecosystem. The OrboAnywhere platform utilizes OrbNet AI -- Artificial Neural Networks (ANN) based on deep learning models -- to increase read rates of over 99%+ on checks -- achieving true automation in check processing.
AI-based innovations in field detection, classification, and fraud scoring has enhanced check fraud detection capabilities. OrbNet Forensic AI technology delivers 95%+ detection rates on targeted use cases.
4000+
End-User Clients Impacted by OrboGraph Software.
99%+
Targeted read rate on checks using OrbNet AI technology.
10-11 Billion
Estimated total checks issued per year in the US.
Altered Checks
Hottest check fraud trend according members of Check Fraud Roundtable.
New Resources
OrbNet Forensic AI Receives
2024 AI Excellence Award
– Hybrid Intelligent System
Article: OrboGraph Recognized as “Top 5 Fraud Detection & Prevention Software Companies”
Top 5 Vulnerabilities and
Trends in Check Fraud
for 2023
