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Core Modernization is key for regional banks to revitalize and stay competitive Four solution paths for core modernization are described OrboGraph’s solutions can help regional banks with core modernization in three ways We noted earlier this month that progressive modernization of technology is key for banking success. As stated by the post’s author, Forbes Councils…
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What hurts more than stepping on a bunch of LEGO blocks while barefoot? Hearing that a charitable organization has fallen victim to a scammer. Unfortunately, no one is off limits to fraudsters — not even charities. While many would think that the fraudsters would imitate a charity to steal funds for donators, there are fraudsters…
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Check fraud continues to be a threat The Wespay 2024 Payments Symposium offered valuable insight “Breach of Warranty” determinations present a problem This past week OrboGraph’s own James Bi, Marketing Manager and Check Fraud Detection Specialist, was in attendance at the Wespay 2024 Payments Symposium. In addition to his presentation: Check Fraud in 2024: Are…
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Digital payment solutions are becoming more and more popular However, many people and businesses still rely on checks Streamlining payment processes in that environment benefit from OrboGraph tools The industry narrative that “the check is dead” has lost a lot of steam. While checks have seen slight declines year-over-year, the US has not ecperienced the…
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Public Service Officers play a key role in stopping check fraud There are specific items they can and should look for when supervising offenders Garbage is not off limits In the fight against check fraud, public service officers are often overlooked — even as they play a crucial role to stopping fraudsters. Financial institutions are…
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Check Fraud and the rise in Mail Theft are directly correlated FinCEN Analysis shows $688M in check related SARs reported in a six month period following their alert (February to August 2023) Image forensic AI is key to identifying counterfeits, alterations, and forgeries The correlation between the increase in mail theft and rising check fraud…
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A post at Forbes describes an environment where regional banks in the US face growing digital disruption and “macro headwinds” — and describes how embracing technological change is crucial for their revival. The author, Forbes Councils Member Rodrigo Silva, goes on to note that this transformation must prioritize fraud prevention to protect both the banks…
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TikTok sometimes allows poor advice to be posted The “Infinite Money Glitch” is one such example — encouraging check fraud There are several different methods banks can use to detect this sort of fraud TikTok trends are all the rage now. While YouTube remains the leader for content created by individuals, many are addicted to…
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NICE Actimize shares tips for fighting check fraud Technology plays key role in check fraud detection Banks are shifting from competitors to collaborators while tackling challenges Brian Keefe, Senior Pre-Sales Consultant at NICE Actimize, shares some advice for combating check fraud in the financial industry. Via “Q&A” format, Keefe highlights the ongoing threat posed by…
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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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