Modernizing Omnichannel Check Fraud Detection
Machine learning is a vital tool in spotting and preventing fraud Two primary approaches deployed by Machine Learning: Unsupervised and Supervised Learning The best solution for most FIs is a properly configured combination of the two Jeremy Chen, senior director of product management at DataVisor, explores the growing need for adoption of machine learning technologies…
Read MoreForbes reports on the roles of Artificial Intelligence and Machine Learning in revolutionizing the process of signature verification in the banking sector. Despite increased digitization over the last decade, most organizations continue to rely on signatures as the primary method of transaction authentication. Signing checks, authorizing documents and contracts, approving transactions, and validating activities are…
Read MoreIn 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 MoreSpeaking at this year’s FraudCon 2023, Dr. David Maimon, a professor and Next Generation Scholar in the Andrew Young School of Policy Studies’ Department of Criminal Justice & Criminology at Georgia State University, provided attendees with the latest data and schemes on check fraud from the dark web. As you may remember, Dr. David Maimon…
Read MoreFraud continues to rise AI is a tremendous tool, but not a “silver bullet” The “character” of a specific institution may determine if they can transition quickly The latest BAI podcast features Greg Kanevski of ServiceNow discussing the impact of rising fraud on financial institutions and steps they can take to better shield themselves and…
Read MoreA 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…
Read MoreYouTube offers a great platform for educating the public Anti-fraud videos are revealing scammer tricks Has the “Dark Web” met its match? YouTube’s reach and availability make it a great platform for education — particularly in a society where many simply use a search engine like Google to answer any questions they may have. In…
Read MoreIntegration 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…
Read MoreOrboGraph is featured on the cover of Enterprise World magazine Checks have become a leading target of fraudulent activity The story highlights OrboGraph’s powerful tools designed to fight check fraud We are pleased to announce that OrboGraph — along with its OrbNet AI and OrbNet Forensic AI — has been featured in The Enterprise World’s…
Read MoreSource: 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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