Skip to content

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!

ABA Looks at a Cloud Computing Success Story at JPMorgan Chase

JPMorgan Chase is known as an early adopter of cutting-edge tech, and, true to form, they are deploying a new, cloud-based core system for their retail bank using software developed by Thought Machine.

Cloud computing in the fintech world is certainly not new at this stage, but seeing it embraced by the nation's largest bank is a sign of the times.

Screen-Shot-2021-10-08-at-8.26.02-AM

Bloomberg Image

Thought Machine's clients include large international banks like Standard Chartered, which uses the company's Vault software for its digital bank Mox in Hong Kong, and the Swedish financial services group SEB, which uses it to run UNQUO, a banking app for entrepreneurs and business owners. Lloyds Banking Group in the U.K. also uses Thought Machine’s technology.

“We looked very hard at our core banking system and capabilities,” said Rohan Amin, the chief product officer at Chase. “We looked at the market, looked at our internal capabilities and came to the conclusion that working with Thought Machine was the best path forward for us.”

Amin went on to list five reasons that Chase, with $3.7 trillion of assets and retail operations in nearly every state, is replacing its core system with more modern, cloud-based technology.

  • Ability to innovate quickly to meet customers' ever-changing needs
  • Effectively running many consumer products on a single platform
  • The need for a core system with high availability, resiliency, reliability and scalability, to serve the bank’s 57 million active digital customers without breakage
  • Ability to run the retail bank in real time
  • Using APIs, the Thought Machine software should also help Chase move toward embedded banking, or extending banking into non-Chase user experiences. That would allow, for instance, consumers to pay for things on Amazon using Chase reward points.

Cloud-computing is essential for financial institutions looking to upgrade their core platforms to utilize AI and machine learning technologies. This is particularly important for check processing, as AI and machine learning technologies have proven to achieve accuracy rates of over 99%. An additional benefit to the cloud environment is the fact that it is disaster-proof, protecting data off-site (recently explored in our blog post regarding upcoming FDITECH Tech Sprints designed to measure bank operational resiliency).

Leave a Comment





Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.