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Omnichannel

OrboNation Newsletter: Check Processing Edition – November 2021

November 23, 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.

The Matrix AI: “Remember, all I’m offering is the truth. Nothing more.”

November 19, 2021

We previously took a look at the similarities and differences between The Matrix experience and OrboGraph’s OrboZone experience. Both offer a truly dynamic experience, so we would be remiss not to take a deeper dive into another key pillar in The Matrix Film Series: The AI driving the Machines. With the release of The Matrix…

The ‘Omnichannel Credit Union’: Not Just ‘a Thing’ — It’s Working, Too!

November 17, 2021

The challenge: 55% of credit union members have used a product or service from a different bank or financial institution, according to the Credit Union Tracker produced by PYMNTS, in collaboration with PSCU. That means more than half of all credit union members are effectively “comparison shopping.” How do credit unions hold on to their members?…

OrboGraph’s OrbNet AI Boosts Lockbox Accuracy to 98% For TMR

November 11, 2021

Last week, the OrboNation blog featured the NVIDIA GTC Virtual Conference, highlighting the importance of GPUs to Artificial Intelligence in financial services. These dynamic sessions provided attendees with information invaluable to advancing financial services, particularly the banking industry. To further display the benefits and results of artificial intelligence in banking, we collaborated with our friends…

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…

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.

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…

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.

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…

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…