Resources

Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

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News and trends for the banking and healthcare industries

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Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Platform Modernization

Modernizing payments in the banking and healthcare industries

AI, Self Learning & Deep Learning Technologies

Optimized AI and deep learning models for the automation of check processing and healthcare posting

Operationalizing AI & Self Learning in Checks

Revolutionizing check processing and fraud prevention for the banking industry

Delivering Healthcare Payment Electronification

Increased accuracy levels, decreased error rate for healthcare payments posting

Product Videos

See how each product/service module of OrboAnywhere and OrboAccess delivers value from our check and healthcare payment platforms

Corporate Video & Podcast

See and hear how OrboGraph incorporates AI, deep learning and self learning technologies into its product suite

Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Access EOB Conversion

Delivers EOB/EOP electronification with information intelligence via AI and deep learning technologies

Access Correspondence Letters

Extracts posting data and tracks reimbursement progress via workflow management

Access Payment Reconciliation

Streamlines the reconciliation process of ERA, ACH, EOB and checks

Access Patient Payments

Automates patient payments for posting

Access Denial Intelligence

Spotlights trends in denials to reduce receivables via prevention

Healthcare Payments Automation Center

Scalable, reliable, flexible cloud-based hosted data center on Amazon Web Services (AWS)

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

Anywhere Fraud

Transaction and image analysis for on-us and deposit fraud detection of counterfeits, forgeries, and alterations.

Anywhere Recognition

Divergent multi-engine CAR/LAR, ICR, OCR & AI check recognition for the Omnichannel

Anywhere Validate

Validate payment negotiability of paper originated items

Anywhere Payee

Match, read, and validate payees for risk and operational workflows

Anywhere Positive Pay

Payee name verification of business checks using issue files

Anywhere Compliance

Mitigate risk in check payments for OFAC, BSA/AML, UCC, Reg CC, and KYC

Restrictive Endorsement

Automatic validation of restrictive, mobile and non-restrictive endorsements

Traditional Products

Based on the Accura XV platform

For Regionals to Catch Up to Big Banks, Time to Modernize

There is a trend in the wind, according to AmericanBanker.com:

Over the past few days, midsize banks — such as Comerica, Commerce Bancshares and M&T Bank — have reported notable declines in total deposits, with M&T, in particular, reporting a 6% drop from a year earlier.

Executives have offered a number of reasons why, saying during earnings calls that business customers typically draw down cash early in the year to pay for employee bonuses.

AmericanBanker.com graphic

However, as can be seen on the chart above, the decline seems to be distinctly a regional bank problem. Megabanks — with the exception of the embattled Wells Fargo — reported strong deposit growth during the first quarter.

Momentary blip, or precursor to a long-term trend? Something to consider: Customers may be choosing the banks with the best technology rather than those that offer the best deposit rates.

That theory made an appearance during Comerica’s earnings call Tuesday, when an analyst pressed executives on whether they are spending enough on tech to keep up with their competition.

“Do you think you can compete at this size in the digital age of banking?” Steven Alexopoulos of JPMorgan Securities asked. “Or do you need to add more scale to ramp up that spend?”
We use this space to talk about modernization again and again, and for good reason. The signs are pointing to decline for banks that don’t embrace the latest technology at the earliest feasible time. A significant part of our mission with the OrboAnywhere suite of technologies is to make the cutting edge attainable as early as possible to large and small banks alike. Topics like AI, fraud prevention, image analysis, and regulatory compliance are categories which many times are difficult to improve, can be quickly addressed with a streamlined deployment model using web services.

In the coming year, for instance, JPMorgan Chase expects to spend an additional $1.4 billion on technology, the company said at its annual investor day in February. That investment will fund what executives describe as the company’s “digital everything” model, including mobile-app upgrades and new back-office uses of blockchain.

The challenge is clear… and we’ll be addressing these issues at the upcoming 2018 Healthcare and Check Payment Technology Conference.

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