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What We Learned from the OrboGraph Check Fraud Roundtable and Innovation Conference

Recently, OrboGraph hosted its fifth -- second "in-person" -- Check Fraud Roundtable session and first-ever Innovation Conference at the Hilton Tampa Downtown. Needless to say, it was a huge success. These two distinct meetings brought together check fraud professionals from financial institutions and representatives from leading fraud solution providers and service bureaus. The conferences addressed persistent on-us and deposit fraud challenges and presented solutions including the latest features of OrboAnywhere Sherlock 5.3

We were fortunate to have a number of fantastic speakers, including:

  • Steve Cree, Vice President -- ECCHO Rules, Compliance and Engagement
  • Brad Warren – Fraud Prevention Manager and Consultant
  • Jim Sloan – Vice President of Product Management, Advanced Fraud Solutions
  • Russell Taylor – President, ThreatAdvice

So, what did we learn from the two conferences?

OrboGraph Check Fraud Roundtable

While Sherlock B. Holmes stole the show, there were a number of items up for discussion. Here a few tidbits from the roundtable:

  • Steve Cree of ECCHO (The Clearing House) provided an overview of the new "Rule 9 – ECCHO Rules Section XIX(O)"
  • Brad Warren, formerly of SouthState Bank, predicted a 5X increase of SARs in 2024 vs 2023
  • Attending banks agreed that there was a 4-5% increase in deposit fraud in 2023
  • 80% of attending banks agreed that consortium approach is essential for deposit fraud detection
  • About 50% of banks are using push notifications (SMS or in-app) to alert fraud
Sherlock and Joe

OrboGraph Innovation Conference

The OrboGraph Innovation Conference took a technology focus, providing more information and insights to banks, fraud tech vendors, and service bureaus. Highlights include:

  • Providing attendees with demonstrations of the new Profile Editor and Rules Engine within OrboAnywhere Sherlock 5.3
  • A deep dive into GPUs -- validating performance of different GPUs and their availability within the market
  • Confirmation that a "multi-layered approach" for check fraud detection is the most effective strategy

Additionally, checks are still a major payment channel for our audience. In fact, one attendee claimed to write 30+ checks a month!

Over the next few weeks, OrboGraph will provide more details about upcoming developments from the two conferences. So, be on the lookout! If you'd like to take part in a session of the OrboGraph Check Fraud Roundtable or join us for the next Innovation Conference, please email to get added to the distribution list.

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