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Central Bank Digital Currencies (CBDC): “Canadians Don’t See a Need”

October 5, 2023

Previously, we covered the United Kingdom and their push for the “digital pound.” While there are many benefits for a central bank digital currency (CBDC), the real question remains: “Is there a desire or need for them?” This is the question being pondered in Canada. In a story covering a recent report from the Bank…

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OrboNation Newsletter: Check Processing and Fraud – September 2023

September 29, 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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ICBA: Assessing Potential Fintech Partners — Evaluate the Tech & Reputation

September 28, 2023

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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Updating Legacy Systems: 62% of Firms Use Legacy Payments for Commercial Goods

September 21, 2023

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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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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