November 21st, 2024
Intelligent Banking and the Future of Finance: Forbes’ Insights on Digital Transformation Edit
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.