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A new study tracks how fintechs are reshaping partnership strategies with credit unions The data indicate rising fintech‑credit union alignment Credit unions are pursuing third‑party innovation rather than building everything internally Fintechs are increasingly turning toward community banks and credit unions, and the fastest way to bring those innovations to market is through the core and item‑processing…
Fraud will evolve through synthetic identities, deepfakes, mules, takeovers, and emotional scams Explainable AI reveals why fraud models flag transactions Banks need XAI to meet regulations, prove fair automated decisions, and continually refine fraud defenses How large of a challenge was fraud in 2025? Well, according to the Gasa Global State of Scams 2025 Report,…
Fraudsters build synthetic digital identities and exploit weak onboarding This makes every application into a potential new‑account attack Dynamic verification, behavioral analytics, and AI‑driven checks are essential to spot bot activity and identity reuse One of the major components of fraud are drop/mule accounts — particularly when it comes to new accounts and check fraud.…
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.
Automation streamlines efficiency and the customer experience A whopping 76% of banks have not just invested, but implemented new automation tech AI/ML technologies enabled banks to achieve 99% read rates and 99.5%+ accuracy For financial institutions, automation has been a key goal for decades. Not only does it increase operation efficiency, but it streamlines the…
Organized check fraud rings operate like businesses with defined leadership and roles as well as adaptable processes Key roles: orchestrators, source gatherers, production specialists, and money mules/runners, all compartmentalized Rings exploit speed, volume, and trust, using physical and digital methods to steal and alter checks Organized check fraud crime rings are not by any means…
Emerging technologies now power modern, scalable bank payment stacks APIs and events enable real-time routing, pricing, and settlement decisions Payments modernization aligns efficiency, revenue, experience, and integrated fraud and risk controls The PaymentsJournal article “How Emerging Technologies Are Powering the Modern Payments Stack,” by Wesley Grant, explains why modernizing payments infrastructure has become a strategic…
RBC poll shows 86% of Canadians feel scam-savvy, yet 25% have already fallen victim to fraud Canadians fear AI-powered scams, deepfakes, and holiday fraud, yet many still take significant online shopping risks RBC urges verification, strong security, ongoing education, and advanced fraud technologies to protect Canadian consumers and financial institutions Over the past few years,…
Check fraud now acts as a lifecycle threat, tightly linked to account age Fraud shifts from synthetic-ID abuse on new accounts to sleeper-driven counterfeit checks Tenured accounts face collusion and takeover, demanding adaptive, AI-driven defenses tuned to lifecycle behavior. Check fraud is no longer a simple paper-based crime; it has become a lifecycle threat that…
Balancing high throughput and low latency is essential for modern, AI-based check processing OrboAnywhere Turbo 6.0 boosts throughput while sharply reducing latency on existing hardware. Modern AI infrastructure with ONNX & NVIDIA GPUs enables real-time check recognition & fraud detection In a recent Medium blog post, banking transformation leader Amit Batra draws a sharp distinction…