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.
October 23, 2024
Valley Commercial Bank Provides Guide for Businesses to Prevent Check Fraud
Featurespace and OrboGraph Partner to Help Financial Institutions
Prevent Check Fraud Using World-Class Analytics and Image Forensics
Atlanta, GA, and Burlington, MA, July 23, 2024 – Global fraud and financial crime prevention company Featurespace has partnered with OrboGraph, supplier of check processing automation and fraud detection software and services, to better protect the financial services industry from check fraud.
According to data from the Financial Crimes Enforcement Network (FinCEN)*, check fraud is becoming more prevalent compared to other types of fraud, making up more than one-third of all fraud at depository institutions in 2023.
This partnership will see the two organizations integrate their fraud-detection services to significantly improve the accuracy and efficiency of identifying and preventing fraudulent check activities for both deposit and “on-us” fraud (whereby a check or other transaction is deposited or processed by the same bank that issued it).
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
