Download PDF Copy of the Newsletter FinCEN Strongly Encouraging Data Sharing to Fight Fraud Recently, we posted about warnings from the International Monetary Fund (IMF) that fraudsters thrive when FIs aren't sharing data. The IMF argued that AI and machine learning work best when they have access to large, diverse datasets, and that fragmented, ...

FIs Spend Up to 40% of Analytics Resources Just Cleaning Data. What Are They Missing While They Do? Every transaction processed, every check deposited, every loan application submitted generates data. Financial institutions sit on one of the richest data assets in any industry. But volume isn't the same as value ...

Real-time payments adoption is lagging, with ERP and back-office integration as the main barrier. Checks still dominate B2B payments despite faster, modern rails. FIs can support checks while automating processing with AI for cost and efficiency gains. The industry has been proclaiming the benefits of real-time payments, and how they ...

Most financial institutions leverage AI for automating check processing JPMorgan Chase has taken it a step further, leveraging robotics to automate lockbox processing Are there further use cases for robotics in banking? A majority of financial institutions are in the process or have already deployed AI technologies like OrboAnywhere to ...

AI, mobile, and digital onboarding now define member loyalty and everyday relationship depth. Smaller and mid‑sized credit unions can scale AI quickly by partnering with specialized fintech providers. Innovation leaders win by pairing agility and data‑driven design with always‑on, personalized digital experiences. AI is quickly becoming a make‑or‑break factor for ...

Download PDF Copy of the Newsletter Federal Reserve Report: No Major Fraud Category is Declining On April 28, 2026, the Federal Reserve published its Financial Services Risk Officer Survey. The major report theme: No major fraud category is declining. The report notes that surveyed financial institutions most often cited debit ...

Legacy systems often fail due to disconnected data, not poor-quality data alone. Orchestration unlocks AI value without replacing trusted legacy systems. Intelligent Banking is key for activating payments data to make smarter decisions. One major issue plaguing financial institutions is data integrity. However, is it actually "bad data," or are ...

AI embedded in fraud workflows pre‑assembles case files and automates documentation tasks. Institutions reduce manual touches, cycle times, and errors while improving case quality. Banks scale human fraud expertise and handle rising case volumes without added headcount. AI is delivering some of its clearest, most defensible ROI in banking by ...

Mid-sized banks have about three years to modernize cores Incremental fixes will not meet efficiency or AI demands Modernization must align with payments, deposits, and fraud workflows so analytics and AI can scale Over the past decade, the banking industry has seen a dramatic shift in how consumers and commercial ...

Financial institutions lead enterprise AI adoption, including fraud. Banks need AI across all check and payment channels. OrboGraph AI turns payment images into high‑fidelity fraud signals. While artificial intelligence has been around for decades, it's only in the past 5-10 years that we've seen a major boon for AI. Now, ...

Download PDF Copy of the Newsletter Kinective Acquires OrboGraph, Adding AI-Powered Check Fraud Prevention to Banking Operations Platform PHOENIX (March 31, 2026)-Kinective, the company delivering intelligent banking to over 4,000 banks and credit unions every day, today announced its acquisition of OrboGraph, an industry-leading provider of AI-powered check recognition and fraud ...

Check volumes are falling, but check fraud hit $21 billion in 2023-a gap banks can no longer ignore Abruptly eliminating checks isn't an option - critical payment workflows still depend on them OrboGraph equips banks to fight check fraud now while preparing for a digital-first future A recent American Banker ...

Legacy banking cores drain profits and trust, making modernization an urgent strategic priority AI fintech modernizes workflows, closes skills gaps, and cuts fraud and errors Fintech partnerships accelerate transformation, improve experiences, and drive growth When thinking about the concept of platform modernization, many organizations take the age-old approach of rip-and-replace ...

Credit unions now rely on FinTech partners as their primary innovation engine Misaligned timelines, governance, & ROI expectations create friction despite shared strategic goals Stronger upfront alignment on structure and metrics turns partnerships into competitive advantage PYMNTS.com explores how credit unions once treated FinTech collaborations as side projects. However, now ...

Acquisition brings three decades of AI and machine learning expertise to integrate fraud detection capabilities across Kinective's client base of more than 4,000 financial institutions PHOENIX (March 31, 2026)-Kinective, the company delivering intelligent banking to over 4,000 banks and credit unions every day, today announced its acquisition of OrboGraph, an ...

Download PDF Copy of the Newsletter OrboGraph Publishes New Analysis of Suspicious Activity Reports (SARs) Trends For years, the industry relied on the American Bankers Association's (ABA) Deposit Account Fraud Survey as the central source for fraud trends. However, with the last report being published back in 2020 based on 2018 data, ...

Recognition honors measurable impact in combating check and deposit fraud through advanced AI BURLINGTON, MA - March 26, 2026 - OrboGraph is pleased to announce it has been named a winner in the 2026 Artificial Intelligence Excellence Awards in the category of Fraud Detection and Prevention. Presented by the Business ...

Many small businesses still favor paper checks for familiarity, control, and perceived low cost This reliance hides higher true check costs and exposes firms to growing fraud risk Advanced check fraud detection lets businesses keep checks while significantly reducing fraud exposure In spite of a steady rise in digital payments, ...

AI has moved from experimentation to widespread, real-world deployment across financial services Most financial institutions are modernizing legacy systems so AI can scale securely Over half of FIs now partner with fintechs to accelerate AI-driven modernization For far too long, banking institutions relied upon outdated, legacy technologies and systems. Unfortunately, ...

Legacy systems swallow IT budgets, diverting funds from innovation, modernization, and AI-ready capabilities Banks spend most tech dollars just keeping outdated platforms operational and barely compliant Modernization reallocates budget from maintenance to strategic growth, customer experience, and operational efficiency One major factor holding the banking industry back is undoubtedly its ...

ICBA urges community banks to advocate preserving Federal Reserve check-processing services Potential Fed cutbacks could disrupt smaller banks' operations, payments workflows, and customer experience Community banks should strengthen fraud defenses using federal tools, ICBA resources, and solution providers The Independent Community Bankers of America is calling on community banks to ...

Download PDF Copy of the Newsletter Are Financial Institutions Ready to Shift from Automation to Cognitive Enterprise? A recent article published on Forbes.com takes a look at the evolution of technology from simple banking automation to a cognitive enterprise model where AI learns, reasons, and collaborates with people across the ...

AI in banking should reduce friction and elevate staff, not replace people​ Automated check processing with AI streamlines deposits, reallocating staff to revenue tasks​ XAI‑driven check fraud tools prioritize alerts, enabling faster, more confident analyst decisions In a recent Forbes Finance Council post, Paul Davis of Bank Slate Consulting argues ...

Banking is shifting rapidly toward AI-powered cognitive enterprises and automation SEffective intelligent automation requires human oversight, governance, and coordinated orchestration OrboGraph applies specialized AI to improve payments, fraud detection, and anomalies A recent article published on Forbes.com takes a look at the evolution of technology from simple banking automation to ...

Fed request to rethink check clearing sparks strong pushback from industry leaders Fed Vice Chair of Supervision & small business advocates argue checks remain vital for payments Critics warn eliminating Fed check services risks cash flow and market stability Over the past handful of years, we've seen so-called industry experts ...

AI-driven automation now spans chatbots, fraud monitoring, and robotic process automation Advanced check processing AI achieves up to 99.8% read accuracy, minimizing manual work​ GPU-powered systems double to quadruple throughput, making AI affordable for all banks For decades, the banking industry has been chasing the elusive goal of automation -- ...

Download PDF Copy of the Newsletter Why Explainable AI is Critical for Fraud Defense How large of a challenge was fraud in 2025? Well, according to the Gasa Global State of Scams 2025 Report, global fraud losses reached an estimated $442 billion, with nearly 70% of adults worldwide encountered a scam ...

AI turns financial data into predictive, real-time decision engines for automation NLP, RPA, and analytics streamline banking services and operational efficiency AI-driven transaction and image forensics greatly improve check fraud detection accuracy AI in financial services increasingly relies on machine learning to turn vast historical datasets into live decision engines. Analytics Insight, ...

Fed reverses course, again accepting penny deposits at all commercial coin distribution centers Limited penny deposits stranded banks with surplus coins, storage issues, and higher handling costs The penny situation largely follows the same trajectory as paper checks Back in February 2025, The Trump administration announced plans to end penny ...

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 ...

Download PDF Copy of the Newsletter Highlighting the "Hotspots" For Check Fraud in the USA Back in May of this year, we wrote a post pointing out which regions of the USA were "hotspots" for mail theft/stolen checks. These hotspots were focused around large metropolitan areas, where we surmised a ...

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 ...

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 ...

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 ...

Goldman Sachs CEO David Solomon argues AI enhances bankers' productivity instead of eliminating jobs Higher productivity and business growth from AI encourage banks to hire more high-value, AI-skilled staff In check processing, AI boosts automated read accuracy above 99%, freeing staff for revenue-generating work It is no secret that, as ...

Download PDF Copy of the Newsletter Phyllis Meyerson's Lasting Legacy: The Blockbuster Story Behind Check 21 On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through ...

On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through her leadership and service. Phyllis was more than her professional achievements. She was known for ...

Lawmakers urge delay in ending federal paper checks Vulnerable groups risk exclusion and fraud with digital-only payments The waiver process for paper checks is confusing and bureaucratic The US Government's initiative to eliminate paper checks has met with more resistance than initially expected. While digital transactions are faster and safer, ...

ITMs offer a spectrum of self service features Banks are able to extend their availability via ITMs Tellers are available via video banking, offering customer support The ongoing transformation of branch banking, fueled by the rise of Interactive Teller Machines (ITMs), is reshaping how financial institutions engage their customers in ...

Download PDF Copy of the Newsletter Highlighting the "Hotspots" For Check Fraud in the USA Back in May of this year, we wrote a post pointing out which regions of the USA were "hotspots" for mail theft/stolen checks. These hotspots were focused around large metropolitan areas, where we surmised a correlation ...

There are roadblocks to innovation in the banking industry Negatives can be turned to positives One way to deploy new technologies is working with new vendors Innovation in the banking sector faces persistent roadblocks that hinder transformation and progress, as explored by Paweł Stężycki in Netguru's insightful article "Seven Barriers ...

U.S. Treasury Department has officially "eliminated" paper check disbursements -- with many exceptions New resources page published by the U.S. Treasury to assist in transition How will this impact inancial institutions? As many are aware, as of September 30, 2025 the US Government has officially ended distributing paper check disbursements. ...

The U.S. government plans to eliminate paper checks in federal payments Small businesses face a challenge Local merchants, contractors,& independent service providers rely on checks PYMNTS takes a look at the U.S. government's move to eliminate paper checks in federal payments, which is accelerating digital payment adoption for the government ...

AI is transformative for the banking industry Barriers to adoption include trust and data Many banks are unaware that they are already leveraging AI Artificial intelligence (AI) is transforming the banking industry, offering innovative solutions to improve customer experiences, streamline operations, and enhance risk management.​ However, trust and data accuracy ...

Download PDF Copy of the Newsletter What We Learned at the OrboGraph Check Fraud Roundtable OrboGraph has been bringing together financial institutions and technology providers to collaborate on the future of fraud prevention. Our most recent milestone - the eighth overall and third in-person Check Fraud Roundtable - took place ...