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OrboNation Blog

Real Time Payments: Still No Match for the Check

October 7, 2020

The “death knell” for checks has been sending false alarms for a decade; year after year we are told it’s time for checks to fade away, and 2020 is no different. However, the paper check hangs on and remains undeniably popular in spite of the frequency with which it is derided.

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Healthcare Leaders: COVID Accelerating Advancements in Healthcare Technologies

October 1, 2020

It’s a safe bet to say that making a … safe bet during an unprecedented pandemic is not the easiest thing in the world. All the same, Becker’s Health IT got 20 healthcare executives and leaders to commit to posterity one health IT industry prediction for the next five years, and the answers are interesting,…

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FDIC Survey Shows 20+% Bank Deposit Growth

September 30, 2020

Predicting an economic recovery in today’s COVID-19 environment is far more complex than reading traditional individual economic indicators. As seen by the recent run in the stock market, there are certain market components somewhat disassociated from traditional indicators, i.e. unemployment rate, GDP growth, etc.

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ORBOIMPACT: Virtual Conference for RCM Electronification via AI

September 29, 2020

In a little over a month, OrboGraph will host the ORBOIMPACT Virtual Conference: AI Innovation for Check Payments, Check Fraud, and Healthcare Remittance Automation.

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Get Ready for ORBOIMPACT: AI Innovation for the Future of Check Processing

September 28, 2020

In a little over a month, OrboGraph will be hosting it’s first virtual conference since 2014: ORBOIMPACT Virtual Conference: AI Innovation for Check Payments, Check Fraud, and Healthcare Remittance Automation.

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Regulators’ “Fast and Furious” AML Fines – Not the Whole Compliance Story

September 17, 2020

Rachel Woolley, global director of Financial Crime at Fenergo, tells FinTech Futures that penalties against financial institutions have come “fast and furious” over the past few years.

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Survey: Five Ways COVID-19 is Impacting Revenue Cycle Operations

September 3, 2020

Alpha Health recently released results of a national survey designed to examine and assess the impact of COVID-19 on revenue cycle operations at health systems and hospitals across the U.S. The survey was fielded between May 19, 2020 and June 22, 2020 among 587 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States. The survey has a confidence level of 95 percent with a margin of error of plus or minus 5 percent.

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COVID Has Expanded Small Businesses’ Use of Banking Services

September 2, 2020

In a summary of Mercator Advisory Group’s new Insight Summary Report, 2020 Small Business PaymentsInsights, COVID-19 and B2B Payments & Cards – The Result of the Pandemic, PaymentsJournal.com summarizes their findings.

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Automating the Revenue Cycle: Give Time Back to Staff & Cut Costs

August 27, 2020

A common misconception, especially in revenue cycle management (RCM), is that automating processes by integrating technologies like Artificial Intelligence and Machine Learning technologies will replace employees and eliminate jobs. This perception can be traced all the way back to when machines replaced labor in many manufacturing jobs like the automotive industry and is continually being fueled by the media with the story lines such as AI-powered trucks will replace truck drivers.

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NVIDIA Data Centers’ Importance to Real-Time Check Processing

August 26, 2020

By now, many of you have heard of the arguments between utilize GPU vs CPU. towardsdatascience.com provides a simple explanation on the reasoning behind the need for GPUs for machine learning:

GPUs are optimized for training artificial intelligence and deep learning models as they can process multiple computations simultaneously.

They have a large number of cores, which allows for better computation of multiple parallel processes. Additionally, computations in deep learning need to handle huge amounts of data — this makes a GPU’s memory bandwidth most suitable.

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