Solution Overview: Anywhere Recognition
Anywhere Recognition is the foundation to OrboGraph's OrboAnywhere Suite for automating deposit processing. Scanned checks, cash equivalents, money orders, preauthorized drafts, as well as internal tickets are passed from any workflow into the recognition "engine" for deposit automation and balancing. Over 4000 Financial Institutions utilize OrboGraph solutions either directly, or though partner service bureau environments. Anywhere Recognition delivers unmatched operational efficiency and eliminates manual intervention on over 99% of the check deposits.
Anywhere Recognition harnesses the power of OrbNet AI™ technology, OrboGraph's proprietary AI-based deep learning set of models. Not only does Anywhere Recognition achieve 99%+ amount read rates, but accuracy levels can reach as high as 99.8% depending on the data set. For additional details on the underlying technology of Anywhere Recognition, see AI and Deep Learning Page.
Additionally, the system also reads internal documents, at a rate typically over 90%. This versatility allows organizations to streamline traditional deposit channels that still rely on cash tickets, deposit tickets, general ledger, and other internal documents.
OrboAnywhere Turbo
OrboAnywhere Turbo 6.0, a recent release from OrboGraph, targeted new standards in speed, throughput, and latency. Turbo 6.0 delivers an impressive 2X to 4X increase in overall processing throughput for high volume batch processing. Additionally, Turbo 6.0 delivers 70% reduction in recognition latency, enabling faster decision-making and a better use experience for mobile RDC, ATM deposit processing, and teller capture. Latency times can now be sub 100ms depending on hardware deployed.
The Turbo 6.0 upgrade reflects OrboGraph’s commitment to staying at the forefront of developing technology for check processing automation and recognition. For comprehensive insights into the capabilities and features of OrboAnywhere Turbo 6.0, interested parties can refer to the detailed OrboAnywhere Turbo 6.0 Product Brief which outlines the transformative impact this version can have on organizations seeking to optimize their AI-driven processes.
Anywhere Recognition Deployment: Real-Time or Batch
By utilizing a web-service architecture, Anywhere Recognition is deployable in real-time or batch processing workflows and can be integrated with any vendor's system.
Teller Capture
Teller capture is the process in which checks and other deposit items are scanned and digitized at the teller line (i.e., by the bank teller at the time of the transaction), rather than being sent to a centralized back office for processing.
Remote Deposit Capture (RDC)
Technology that allows individuals or businesses to digitally deposit checks without physically visiting a bank branch or ATM.
Mobile Remote Deposit Capture (MRDC)
Mobile remote deposit capture, also known as mobile check deposit, allows customers to deposit checks using the camera on a smartphone or tablet, typically through their bank’s mobile app.
Centralized Check Processing
Model in which all check deposits and related processing tasks (such as imaging, verification, fraud screening, and clearing) are handled at a central operations center, rather than distributed across multiple branches or teller lines.
Branch Image Capture
Check processing method where checks and deposit items are scanned and digitized at the bank branch level, typically at a back counter or designated workstation—but not directly at the teller line (unlike teller capture).
ATM Deposit Processing
Method by which automated teller machines (ATMs) accept and process check deposits, often using image capture technology to digitize and transmit checks for clearing—without human intervention at the time of deposit.
Retail Remittance and Wholesale Lockbox
Types of lockbox services provided by banks or third-party processors to businesses for managing incoming check payments. The key difference lies in the type of customer making the payment and the complexity of the transaction.
Anywhere Recognition Benefits
Organizations processing checks can now see significant savings based on reduced labor costs and reduced errors resulting in higher levels of customer satisfaction and lower overall processing costs.