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Retail Banking

The “New” Amazon Cloud? Old News to Banks

October 17, 2017

It’s no surprise, as reported in The Wall Street Journal, and discussed in Fortune magazine, that Amazon Web Services (AWS) has been pitching its public cloud services to banks. Amazon has spent the last 4-5 years trying to get security-conscious industries comfortable with the idea of using its shared computing and storage infrastructure. But are banks new…

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check processing

“My eyes popped out of my head”; Checks Still Have Life

October 4, 2017

Brad Kvederis, marketing and research manager at Digital Check Corp., a Northbrook, Ill.-based marketer of check-scanning equipment, makes it his business to keep tabs on trends in overall check volume. He tells Digital Transactions News that he was “surprised” by the longevity checks have in spite of so many predictions of their demise: Kvederis points to a succession…

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API Driven Solutions Enable Banks Anywhere

September 19, 2017

Application Programming Interfaces (API) are the backbone to connectivity between applications both across the web, as well as internal to banks. Check out this cool little YouTube Video to illustrate. OrboGraph’s greatest successes in banking have been due to our API methodology. It has given our business partners and direct clients the ability to embed…

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orbonians

Want to Improve Online Banking? Add These Features!

September 5, 2017

The adoption of online banking, now incorporating mobile, has become a staple for the industry over the past couple of years. However, the online experience can vary greatly based on what features are offered from each financial institution. One area which has not received its share of improvements are value-added features for check-type payments. The…

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VIDEO: Check Payments Increasing in B2B

August 15, 2017

Contrary to what might be considered “conventional wisdom,” in 2016 51% of business-to-business payments were made by check. Does that mark a slowing in the “disappearance” of check usage? Au contraire – that number is up from 50% in 2013! Magnus Carlsson, AFP’s Manager of Treasury and Payments, discusses in the attached video the new…

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orbograph supported hardware

Financial Industry Tech – Think LONG Term

August 8, 2017

The story of Eastman Kodak’s fate is often used to illustrate the danger of late adoption of new technology. Even venerable and ostensibly rock-solid entities can find themselves marginalized and, ultimately, pushed out the picture (so to speak) if they don’t keep up with emerging tech. An article in the Harvard Business Review uses the…

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News Flash: Checks Still Matter

August 2, 2017

The Association for Finance Professionals (AFP) has made available a white paper entitled “Not Going Anywhere: Why Checks Still Matter” (log-in required) that offers valuable insights in an easily digestible package. As pointed out in the report, check use in the United States for business-to-business (B2B) transactions remains at roughly 50% in spite of a multitude…

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online banking

How Banks Can Embrace Technology Through “Fintegration”: Podcast Summary

July 25, 2017

Here’s a terrific podcast interview via BAI Banking Strategies that you should listen to during your commute. In it, Andres Wolberg-Stok, Citi FinTech’s global head of policy, talks about best practices and approaches to incorporating financial tech – FinTech – in financial organizations. An important point Wolberg-Stok makes early in the conversation is the fact that,…

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Compliance Management and Fintech: Natural Enemies?

July 11, 2017

An article at Banking Exchange takes an interesting look at the often uneasy relationship between financial technology organizations vs. the Fintech market covering the hot topic of compliance management.  Instruments like the expanded UDAAP standards implemented by the Consumer Financial Protection Bureau need to be at the forefront. Richard Holbrook, chairman and CEO of $9.6 billion-assets…

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How Fast Can a Card Skimmer Be Installed? Watch and Be Amazed

July 6, 2017

We’ve heard stories of card skimmers at outdoor ATM machines and even gas pumps ripping off consumers’ card information, but, admit it – – you always trusted card machines that are inside of retail establishments just a bit more, right? Watch this clip and marvel at the fact that this caper is pulled off in…

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