Modernizing Omnichannel Check Fraud Detection

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 ...

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 ...

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 ...

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 ...

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 ...

A new YouTube video by Debra Richardson, who specializes in providing vendor process guidance to avoid fraud, fines, and bad vendor data, identifies a particularly pervasive form of check fraud called check baking. She explains that whereas "whitewashing" checks entails erasing and replacing information on a check, check baking involves ...

The US accounts for a huge percentage of global money laundering Online check fraud communities have contributed A very large percentage of money laundering cases go undetected Financial crimes encompass all payment channels for financial institutions. Unfortunately, many FIs still continue to silo different facets, including AML and check fraud. ...

Download PDF Copy of the Newsletter ACAMS: FIs Pivoting to New Tech as Fraudsters Overcome Traditional Check Fraud Detection Strategies Recently, Fred Williams -- reporter and journalist for the Association of Certified Anti-Money Laundering Specialists (ACAMS) -- reached out to several check fraud experts, including OrboGraph's own Chief Strategy Officer, ...

Artificial Intelligence is major topic across all industries. We are seeing AI performing remarkable feats -- everything from automating processes to creating new pieces of art. In contrast, there are those individuals who are utilizing AI for nefarious purposes. PYMNTS.com discusses how, the world of banking, AI offers the same ...

Recently, Fred Williams -- reporter and journalist for the Association of Certified Anti-Money Laundering Specialists (ACAMS) -- reached out to several check fraud experts, including OrboGraph's own Chief Strategy Officer, Joe Gregory. For those not familiar with the association, ACAMS is a leading international membership organization dedicated to providing opportunities ...

There is no single solution for check fraud detection Each solution plays a key, integrated role in check fraud detection Utilizing complementary technologies provides the most comprehensive check fraud detection strategy Financial institutions are in the unenviable position of taking on the brunt of check fraud. While, in an ideal ...

Jerri Williams writes and podcasts about the FBI to "relive her glory days" Tim Gallagher, also a retired FBI agent, discusses "vintage check fraud" techniques Sending fraudsters to prison is a bit like sending them to get advanced degrees in fraud Jerri Williams, a retired FBI agent, author and podcaster ...

50% increase in anti-money launder fines and penalties levied on FIs in 2022 95% of AML execs are prioritizing AI and ML for AML Fraudsters "jamming the system" with massive amounts of attempts A post at Jack Henry Fintalk discusses Anti-Money Laundering strategies -- and how a rising number of ...

The FedNow Program launched on July 20th In 2008, the UK Faster Payments System launched - with some negative consequences These negative consequences were quickly addressed, offering an example for the U.S. system We've addressed in an earlier post the fundamental challenge of offering real-time payments in an era where fraud ...

New partner/clients include four of the Top 30 banks, two data centers, and two fraud review platforms Burlington, MA, August 10, 2023 - OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the addition of three new Top 30 Bank customers, two data center ...