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OrboNation Newsletter: Check Processing and Fraud – September 2023

September 29, 2023

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.

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ICBA: Assessing Potential Fintech Partners — Evaluate the Tech & Reputation

September 28, 2023

A common theme that is “top of mind” for banking executives is moving off legacy systems to embrace and take advantage of modern workflow solutions. As noted by PYMNTS.com, there are factors preventing certain businesses from updating legacy methods, including: Requires “heavy lifting” or a significant amount of work/internal resources Capital investment Affects current vendors…

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Check Fraud Featured at FraudCON 2023

September 27, 2023

Speaking 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…

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BAI Podcast: “Check Fraud is Back, and It’s Back with a Vengeance”

September 26, 2023

Fraud 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…

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Updating Legacy Systems: 62% of Firms Use Legacy Payments for Commercial Goods

September 21, 2023

A 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…

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YouTubers Standing Up to Check Fraud

September 20, 2023

YouTube 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…

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Bit Builders, Inc. Delivers Turnkey Image Fraud Detection with OrboGraph

September 20, 2023

Integration 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…

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The Enterprise World: OrboGraph Featured in “Most Trusted Banking Tech Solution Providers in 2023”

September 19, 2023

OrboGraph 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…

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Washington Post: “Checks Are Dead”…Not So Fast!

September 18, 2023

Source: 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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Small-to-Midsize FIs: Blending Technology with Customer Service

September 14, 2023

At Jack Henry FinTalk, Melanie Reneris waxes nostalgic about the local bank she frequented in her hometown. At the time, “banking was synonymous with community,” and when she visited her local branch to deposit her paper route earnings, Melanie could be assured there would be small talk and interactions with tellers and managers she’d known…

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