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A new weapon against financial crime has emerged CI-FIRST was launched this year to aid banks in sharing information Greater clarity, improved feedback, and a higher standard of communication are promised In the ongoing battle against financial crime — particularly check fraud — new initiatives and systems are promising to reshape an industry that has…
Burlington, MA, September 8, 2025 – Quinte Financial Technologies, a trusted partner helping banks and credit unions thrive in the digital age with intelligent domain-driven automation and cloud-based solutions and OrboGraph, a leading provider of AI-powered check fraud detection and image recognition solutions, today announced a strategic alliance to deliver an advanced, end-to-end check fraud management…
The Federal Reserve is adopting fintech solutions The private sector has blazed a trail Technologies implemented today lay the groundwork for tomorrow’s success PAYMENTS DIVE reports that the Federal Reserve is making strides towards embracing financial technology (fintech) innovations like tokenization, smart contracts, and especially artificial intelligence (AI) within payment systems. Christopher Waller, a member…
Check fraud is growing and becoming more sophisticated Consortiums provide faster, more comprehensive risk analysis. A layered approach combines consortium data with advanced fraud prevention tools In today’s banking environment, the threat of check fraud is growing rapidly, fueled by a deluge of data and ever-evolving criminal schemes. Financial institutions (FIs) face mounting pressure as…
There is more concern about real-time payments than the data justifies Adoption of RTP has been slow thus far Nevertheless, many believe RTP will eventually replace check payments When it comes to payment fraud, fear and reality aren’t always aligned-a fact highlighted in the August 2025 report from PYMNTS Intelligence and The Clearing House, “Fact…
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 “humble paper check” remains a formidable tool “Soft costs” need to be considered AI tech makes processing checks remarkably efficient Outdated payment systems are catching up to businesses, but there’s one method that just won’t quit: the humble paper check. In their insightful discussion on PYMNTS TV, industry leaders reveal why, even as digital…
Fraud fears are slowing real-time payment adoption despite lower actual fraud rates. Most RTP fraud incidents are minor, thanks to modern detection systems. Advanced AI tools are making RTP safer and boosting confidence in adoption. Widespread anxiety about fraud is hindering the full-scale adoption of real-time payments (RTP) in the U.S., according to a recent…
“Money mules” are a much-used tool in fraud operations “Mule operators” are evolving along with technology Behavioral analytic systems are key for detection mule activity Money mules are a major component of fraud operations of organized crime rings. From opening legitimate accounts at financial institutions to depositing and extracting funds, they can be characterized as…
The banking industry’s primary challenge is not reinventing core processing systems Effective integration with modern, customer-facing technologies is the key Not all banks are ready to undertake the expense and upheaval of a core conversion According to a recent opinion piece on the BAI website by Mike Nicastro, CEO and principal of Coppermine Advisors, LLC., the…