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Check Processing

AI Set to Transform Open Banking Landscape? Not Without Fintechs!

May 9, 2024

Many banks are not, at present, ready to implement open banking However, the vast majority recognize open banking’s value A new report reveals that three-quarters of all banks are ready to implement open banking The amount of banks are not operationally ready to participate in and implement open banking is as high at 75%, according…

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Bank Earning Reports Spotlight Progress in Digital Payment Adoption

May 2, 2024

More and more banks report growth in use of digital banking channels These developments align with growing consumer preference for financial transactions via digital channels Some banks find it hard to innovate quickly PYMNTS.com reports that the observed shift toward digital channels in financial services shows no signs of slowing down as reflected in latest…

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OrboNation Newsletter: Check Processing and Fraud – May 2024

April 30, 2024

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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PYMNTS.com Shines Light on the Importance of FinTech Partnerships for FI Digital Transformation

April 25, 2024

Banks are partnering with FinTech companies to leverage their specialized solutions and enhance their existing offerings Bank-FinTech partnerships highlight the importance of interoperability and open banking principles in driving innovation in financial services Trends shaping digital banking include mobile banking apps, AI/ML for personalized insights, and focus on fraud/data security PYMNTS.com explores how the digital…

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Understanding the Bitcoin Halving: Implications for Investors and Payments

April 18, 2024

One of the hottest topics in the news this week is Bitcoin Halving. The Bitcoin network is built on a foundation of scarcity and decentralization, with Bitcoin halving playing a pivotal role in both. This event, occurring approximately every four years, is not only a scheduled element of the Bitcoin monetary policy but also a…

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Drivers for Upgrading Core Systems in Banking

April 11, 2024

Core Banking systems are becoming vital Centralization of information is key Straight-Through Processing ranks high in importance for successful core banking At Fintech Futures, Principal Fintech Analyst at Omdia Philip Benton takes a look at the state of core banking systems. He appropriates his fellow FinTech Futures columnist Dharmesh Mistry’s definition: To define core banking, Dharmesh…

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Fintech Futures: Are Legacy Core Systems the Banking Equivalent of “Kodak” and “Blockbuster”?

April 4, 2024

The days of overnight processing in the consumer banking sector are over About 50% of banks, however, still use overnight batch processing Real-time data processing is now not only recommended, but crucial At Fintech Futures, banking industry veteran Dharmesh Mistry argues that that many banks still rely on outdated legacy core banking systems that do…

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Ex-US Secret Service Member Recounts the History of Check Fraud Investigations

April 3, 2024

The United State Secret Service also investigates financial crimes Check fraud detection used much different methods in the 90s Check fraud is on the rise, but so is the effectiveness of AI tech designed to detect and prevent it Some may be surprised to see the Secret Service mentioned in conjunction with financial crimes. Don’t…

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OrboNation Newsletter: Check Processing and Fraud – March 2024

March 29, 2024

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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Slow Adoption of FedNow — B2B Payments to the Rescue?

March 28, 2024

FedNow is the Federal Reserve’s instant payment system that launched in 2023, with over 300 participating banks so far. However, according to a post on the American Bankers Association’s website by David Ritter, director and financial services strategy at CI&T, a global digital specialist, many banks remain hesitant to fully adopt it — there are,…

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