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A common theme that is “top of mind” for banking executives is moving off legacy systems to embrace and take advantage of modern workflow solutions. As noted by PYMNTS.com, there are factors preventing certain businesses from updating legacy methods, including: Requires “heavy lifting” or a significant amount of work/internal resources Capital investment Affects current vendors…
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A new PYMNTS article explores the challenges facing businesses when it comes to updating legacy systems to embrace and take advantage of modern workflow solutions. Unfortunately, many firms find themselves facing a reinvention of their systems. Many simply don’t want to, and it is holding them back. Firms shackled by legacy systems frequently struggle to…
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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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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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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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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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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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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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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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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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