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Financial Industry

Virtual Experiences: The Matrix vs. #OrboZone

November 5, 2021

With the recently released trailer for The Matrix Resurrections — the fourth installment in The Matrix Franchise — we took at a look at the simulated world created by the machines and compare it to our own simulated world known as #OrboZone.

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GPU Advancements Highlighted at NVIDIA GTC Virtual Conference

November 3, 2021

NVIDIA’s GTC virtual conference is set to take place November 8-11, and it promises to be a valuable resource for getting (and staying) up to speed on the latest technology in use and development across myriad industries. If you are not familiar with the conference: NVIDIA GTC is a global conference that brings together developers…

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Is There a “New Tech” Obstacle for Smaller Financial Orgs?

October 29, 2021

Community banks and credit unions are at a disadvantage. Their lack of necessary internal resources and budget to upgrade their systems and integrate new technologies compared to big banks means the “cutting edge” services that a new generation of consumers have come to expect are slower to arrive at “non-giant” institutions.

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OrboNation Newsletter: Check Processing Edition – October 2021

October 28, 2021

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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Google Abandons Plans to Offer Plex Checking Accounts — While Post Office Looks to Cash Checks

October 20, 2021

About two years ago, Google shook the financial world a bit when it announced its intention to offer checking accounts to its users in partnership with banks and credit unions. Google was initially planning to work with Citigroup and Stanford Federal Credit Union. That is no longer the case, as Banking Dive reports: The decision…

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ABA Looks at a Cloud Computing Success Story at JPMorgan Chase

October 13, 2021

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.

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Disaster-Proof: FDITECH Launches Tech Sprint to Measure & Test Bank Operational Resiliency

October 6, 2021

A couple of days ago, Facebook went offline for approximately six hours and it made international headlines. Afterwards, it was revealed that a relatively minor internal error caused the outage, which reportedly cost Mark Zuckerberg seven billion dollars (with a “b”). However, everything was soon back on line completely intact, and the world was free…

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How Did Enterprise Payments and Payment Hubs Change the Industry?

October 1, 2021

Many of us who have been working in the bank and financial industry for more than a few years can remember when the concepts of cloud services, enterprise payments, and payment hubs were speculative and almost “science fiction.” However, one day you wake up and what used to be “Star Trek” is real. As noted…

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OrboNation Newsletter: Check Processing Edition – September 2021

September 29, 2021

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.

Read More

Mark Cuban: Shutting Off Crypto Growth Like Stopping E-commerce in 1995

September 23, 2021

In recent news, the new infrastructure bill set out by the US government contains tighter rules for crypto businesses. Mark Cuban, for one, doesn’t like it. Known for his brash and outgoing personality, along with his business and tech savvy, Mr. Cuban is not afraid to voice his opinion. Speaking to The Washington Post before the bill officially passed the Senate, Cuban drew a parallel between the growth of crypto to the rise of e-commerce and the internet in general:

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