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AI Innovation

Both the financial and healthcare industries are undergoing an AI evolution. Review our vision for Artificial Neural Networks (ANN) and deep learning targeting these industries.

AI and Deep Learning-Based Check Processing

Check recognition & fraud detection are the most important components in today's check processing and omni-channel capture. Learn how OrboAnywhere using OrbNet AI technology reduces costs and mitigates risk for any check image capture workflow.

AI-Based Healthcare Electronification

OrboAccess, powered by OrbNet AI, provides electronification to remits and payments, enabling RCM companies to automate posting, improve research, and deliver business intelligence

About Us

Celebrating 25 years of innovation, OrboGraph has transformed into an AI company delivering targeted automation solutions to the banking and healthcare industries.

Resources

From news and events to case studies, trends, and videos, this section provides a range of information resources for payment automation in the banking and healthcare industries.

Blogs

OrboGraph produces four blog series on a weekly basis covering topics from check processing, fraud prevention, AI technologies, RCM, and healthcare electronification. Select one the blog to the right. We hope you enjoy!

How Did Enterprise Payments and Payment Hubs Change the Industry?

Many of us who have been working in the bank and financial industry for more than a few years can remember when the concepts of cloud services, enterprise payments, and payment hubs were speculative and almost "science fiction." However, one day you wake up and what used to be "Star Trek" is real. As noted at Banking Exchange:

Almost half of financial service industry businesses use either public or private cloud services, despite nearly 60% not having sufficient in-company knowledge for proper cloud execution.

The usage of cloud computing technology by financial services businesses is set to hit 90% by 2023, according to a Frost & Sullivan white paper, with North American and Canadian firms leading the way when it comes to converting to cloud computing – 54% and 52% of their workload, respectively, is on the cloud.

Male IT Specialist Holds Laptop and Discusses Work with Female Server Technician. They're Standing in Data Center, Rack Server Cabinet with Cloud Server Icon and Visualization.

The article is careful to note, however, that banks have unique requirements when compared to many other industries, complicating their embrace of the cloud. These include (but are not limited to):

  • High regulation
  • Protection of personal information
  • Lack of technical knowledge to migrate to the cloud and competitive challenges

According to the Frost & Sullivan white paper, data compliance and security are at the top of list of concerns for cloud implementation in the financial services industry -- that affects 66% of businesses, as 89% of IT executives in the industry reported an increase in cyberattacks last year.

As noted at Payments 101:

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Source: Payments 101

As banks look toward incorporating novel forms of payments such as cryptocurrencies, they are much more concerned with regulations and risk than they are with the technical issues."

As technology has innovated, so has the way we integrate these technologies. Many of us in the industry can remember the times -- not long ago -- that projects to integrate new technologies would costs millions and would last years. Not so much anymore, and the industry has adopted agile development methodologies and prototyping that have accelerated integration to mere months.

This is not unlike what we are seeing in check processing and fraud detection. Financial institutions are looking to modernize their payments platforms with new technologies like AI and machine learning technologies. These have shifted from on-premise processing utilizing CPUs, to more cloud-computing utilizing GPUs. Furthermore, OrboGraph and many other technology vendors have launched "Innovation Labs" where financial institutions are able to test and evaluate the capabilities of technologies -- which helps speed up integration time.

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