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Bit Builders, Inc. Delivers Turnkey Image Fraud Detection with OrboGraph

September 20, 2023

Integration of OrboGraph’s OrboAnywhere Fraud Module with Bit Builders’ NextGen Digital Banking offers stand-alone platform Burlington, MA, September 20, 2023 – OrboGraph, a global leader in check and payment processing automation, has proudly announced a business partnership with Bit Builders, Inc., creators of the NextGen Digital Banking platform. The collaboration provides an industry-leading platform financial…

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Washington Post: “Checks Are Dead”…Not So Fast!

September 18, 2023

Source: Washington Post This proclamation comes from reporter Andrew Van Dam in a recent article from the Washington Post (reposted on MSN for those who are not subscribers to WP). In a few years, comically oversized foam-board novelty checks will be the last remaining evidence of a 20th-century icon, as the paper check goes the…

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Small-to-Midsize FIs: Blending Technology with Customer Service

September 14, 2023

At Jack Henry FinTalk, Melanie Reneris waxes nostalgic about the local bank she frequented in her hometown. At the time, “banking was synonymous with community,” and when she visited her local branch to deposit her paper route earnings, Melanie could be assured there would be small talk and interactions with tellers and managers she’d known…

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GPU Cost vs. Performance: Assessing Financial Institutions’ Artificial Intelligence Needs

September 7, 2023

In the ever-evolving landscape of technology, demand for processing power has grown exponentially — particularly in the realms of artificial intelligence (AI) and data analysis. Central Processing Units (CPUs) have long been the backbone of computing — particularly in banking. However, Graphics Processing Units (GPUs) have emerged as a game-changer, outshining CPUs in processing capabilities,…

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OrboNation Newsletter: Check Processing and Fraud – August 2023

August 31, 2023

In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.

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Traditional Banks: Modernization to Compete with Neobanks and Meet Customer Expectations

August 31, 2023

The Payments Journal Podcast recently spoke to Tom Kleinsorge, Vice President of Global Software Sales at Euronet Worldwide, and Brian Riley, Director of Credit/Co-Head of Payments at Javelin Strategy & Research, about “the delicate balance traditional banks must strike to attract the new generation of banking consumers while keeping longtime loyal customers happy.” Neobanks have been disrupting the…

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Federal Reserve Report: US Check Usage Exceeds Other Countries

August 24, 2023

Over the past decade, the payments landscape has evolved rapidly. While there have been a variety of new payments introduced, checks still remain a major player for a variety of reasons, particularly in the USA. Payments Dive points out that, according to a recent report from the Federal Reserve Bank of Atlanta, the United States outranks…

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Unleashing the Power of AI in Banking: Buy-In Needed at Every Level

August 17, 2023

It’s no secret to any regular reader of our blog that we are enthusiastic advocates for the power of AI. Also, you can’t open a newspaper (do people still open newspapers?) or read online news without at some point encountering a story about how AI is reshaping almost every discipline and industry imaginable. In a…

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Is There a Demand from Businesses for RTP® and FedNow?

August 10, 2023

FedNow was officially launched on July 20th, which means there are now two real-time payments networks in the U.S., as the new instant-payments infrastructure debuts alongside The Clearing House’s RTP real-time platform. So, everyone’s going to jump into real-time payments, right? Well, maybe not right away. PYMNTS.com spoke to Ingo Money CEO Drew Edwards about…

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OrboGraph Leads the Industry in Check Fraud Detection, Welcomes 8 New Partner/Clients

August 10, 2023

New partner/clients include four of the Top 30 banks, two data centers, and two fraud review platforms Burlington, MA, August 10, 2023 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the addition of three new Top 30 Bank customers, two data center partners, and two new fraud…

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