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AI Innovation

Both the financial and healthcare industries are undergoing an AI evolution. Review our vision for Artificial Neural Networks (ANN) and deep learning targeting these industries.

AI and Deep Learning-Based Check Processing

Check recognition & fraud detection are the most important components in today's check processing and omni-channel capture. Learn how OrboAnywhere using OrbNet AI technology reduces costs and mitigates risk for any check image capture workflow.

AI-Based Healthcare Electronification

OrboAccess, powered by OrbNet AI, provides electronification to remits and payments, enabling RCM companies to automate posting, improve research, and deliver business intelligence

About Us

Celebrating 25 years of innovation, OrboGraph has transformed into an AI company delivering targeted automation solutions to the banking and healthcare industries.

Resources

From news and events to case studies, trends, and videos, this section provides a range of information resources for payment automation in the banking and healthcare industries.

Blogs

OrboGraph produces four blog series on a weekly basis covering topics from check processing, fraud prevention, AI technologies, RCM, and healthcare electronification. Select one the blog to the right. We hope you enjoy!

71% Call Check Deposit Critical or Important for Mobile Banking Capabilities

Forbes took a look at new research from Cornerstone Advisors and found that more than three-quarters of Americans who have a smartphone are now mobile banking users.

Mobile banking adoption is approaching ubiquity among Gen Zers and Millennials (ages 21 to 40) with 88% of each of the two generations accessing their bank accounts using a mobile device.

The adoption rate dips just a bit to 78% among Gen Xers (41 to 55 years old), and then drops to 57% of Baby Boomers and 41% of smartphone-owning Seniors.

 Mobile RDC to deposit checks is an essential offering for banking apps.

Then they took a look at what features consumers are using and expect to be available on their smart phone, and DEPOSIT CHECKS "checked" in at a whopping 71%.

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The importance of check deposit capability is consistent across age groups as well - something Millennials/Gen Z, Gen X, and Boomers can agree upon!

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SOURCE: CORNERSTONE ADVISORS

In a separate article, Forbes also looked at some of the most and least valuable mobile app banking features, according to respondents in the Ipsos-Forbes Advisor U.S. Weekly Consumer Confidence Survey. The leading feature expected by their polled group? You guessed it -- mobile check deposit.

More than a third of respondents (35%) rated mobile check deposit (the ability to deposit a check via mobile app) as one of their top three most valuable features over the last year. These days, mobile banking apps make this process quick and easy. Generally, you snap a photo of the front and back of the check within the app to make a deposit.

But mobile check deposit hasn’t always been as intuitive. Banks and credit unions have worked hard to improve this feature’s experience, and the experience of other features, over the years. “Check deposit has been around for over a decade, but the user experience has improved dramatically—it’s just much easier to operate now,” says Amit Aggarwal, managing director, digital solutions at market research company J.D. Power.

The two Forbes articles highlight the importance of check and how consumers of all ages put a high value on the ability to deposit checks through mRDC within a banking app. However, being able to offer a service is not enough. Consumer expectations continue to rise and banks and financial institutions must provides a quality service that meets or exceeds those expectations -- not just in mRDC, but a consistent experience throughout all channels. Deploying OrboGraph's Anywhere Recognition with OrbNet AI across the omnichannel ensures that banks and financial institutions achieve recognition and accuracy levels of 99%+.

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