Financial Industry
McKinsey Digital weighs in with suggestions for how banks can modernize legacy systems to help them reduce IT costs and complexity while improving productivity in a competitive environment. Even before the onset of the COVID-19 pandemic, persistently low interest rates had increased pressure on banks to reduce their IT costs. The pandemic exacerbated this issue,…
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Digital is undoubtedly going to play a major role in the future of banking. As we noted previously, digital banking market valuation is predicted to exceed USD 13.5 trillion by 2032. The real question is: How each bank is approaching digital banking? From our friends at BAI, author Emily Steele, president and COO at Savana,…
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In depth interactive agenda will focus on best practices in check fraud detection and prevention Burlington, MA, April 6, 2023 – OrboGraph, a leading provider of intelligent payment automation and check fraud detection solutions, officially announced its Charlotte Check Fraud Roundtable meeting scheduled on May 22-23, 2023, at the Hilton Charlotte Airport in Charlotte, NC.…
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Company wins award back-to-back years for Hybrid Intelligent Systems category Burlington, MA, April 4, 2023 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced today that the company was selected as the winner of the prestigious 2023 AI Excellence Award in the Hybrid Intelligent Systems category for its…
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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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As reported at Mobil App Daily, competition in the banking industry is fierce and at a consistently high level — a good situation for consumers, and an ongoing challenge for the banks themselves. They want to dramatically improve the experience their consumers receive from their optimized digital banking services by utilizing the next-generation banking platform.…
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PYMNTS talked to Manish Jaiswal, chief product and technology officer at Corcentric, about the ways AI technology can and will improve business payments by making them faster and — most importantly — safer. Source: PYMNTS.com “Real-time payments processing is becoming a reality in B2B,” Mr. Jaiswal noted. Still, there are challenges to address. Most companies, no matter the…
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ChatGPT, the artificial-intelligence chatbot, has been making news on a regular basis for its growing list of applications in business and entertainment. We recently highlighted the possible impact ChatGPT may have on the banking industry. So, it was only a matter of time before it emerged in the payments field. Via Digital Transactions, we learn…
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If you haven’t heard of it already, OpenAI’s ChatGPT is an artificial intelligence-powered text tool capable of providing cogent answers in seconds to just about any question you throw its way. It is viewed with a mixture of awe and apprehension. Despite the unease, ChatGPT is acquiring new users faster than any of the most popular consumer…
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Since its acquisition by Elon Musk, Twitter has certainly not lacked interesting storylines and speculation in the media. While most news up to now has dealt with employee discontent or technology issues, Twitter has made progress in deploying a payments option. As noted by Financial Times, Twitter has begun the process of applying for regulatory…
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