OrboGraph delivers targeted intelligent payment automation solutions to two distinct industries: check processing for banking and healthcare payments/remittance processing.
Both industries are extremely active in modernizing systems with objectives to reduce cost, update infrastructure, eliminate manual processes and support digital transformation across the enterprise. The term modernization, used across many industries, describes the ability to adapt a process, technology or object to modern needs or habits.
Trends involving IT, hardware and software modernization (See OrboGraph blog post) in the banking and healthcare industries historically averaged 7-15 years, as hardware required replacement and often times, software was tied to each hardware component. Additionally, mission-critical legacy applications, which impact enterprise infrastructure and multiple departments even span longer periods due to the inherent complexities of a large project.
Today, compressed development time frames for new technologies are the norm. This in turn drives accelerated platform modernization windows.
Take for example branch and teller capture technologies. New platforms are being developed by check processing vendors to provide a migration path to the industry to integrate real-time fraud prevention and further streamline deposit processing. In healthcare, many BPO (business process outsourcing) platforms rely on outdated, unsecure and non-compliant systems which were developed 20-30 years ago!
OrboGraph continues to expand its capabilities in recognition technologies, while building out new technologies in artificial intelligence, self-learning, deep learning models. Additionally, cloud deployment alternatives provide options to our clients and business partners in check and healthcare payment processing.
As your organization looks to modernize your platform, OrboGraph can support your objectives in many ways. Read more about our AI and Deep Learning technologies, Operationalizing AI and Self Learning in Check Processing and Delivering Healthcare Electronification.