BURLINGTON, Mass.--(BUSINESS WIRE)--Aug 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 partners, and two new fraud review platform integrations, solidifying its leading position in the check fraud detection industry. Additionally, one of OrboGraph’s existing service bureau business partners is in the process of onboarding more than 40 new clients. Each of these partner/clients will deploy the new OrbNet Forensic AI technology as part of the Anywhere Fraud Version solution for on-us or deposit check fraud detection.
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Image Forensic AI for Check Fraud Detection (Photo: Business Wire)
OrboGraph's relentless pursuit of technological advancements has established the company at the forefront of check fraud detection. With OrbNet Forensic AI at the helm, OrboGraph has revolutionized the way financial institutions combat fraudulent activities in the check processing ecosystem. This technological excellence is reflected in the rapid adoption of their solutions by an increasing number of clients.
“These new bank clients expand the OrboGraph market footprint in the large bank marketplace and validate our leadership in check fraud detection in the US,” stated Barry Cohen, CEO of OrboGraph. “OrboGraph fraud solutions are installed in over 50% of the top banks with rapid expansion in the community bank marketplace.”
OrbNet AI, an artificial intelligence-driven platform developed by OrboGraph's team of experts, combines cutting-edge deep learning models and real-time data analysis to detect and prevent check fraud with unparalleled accuracy. By constantly learning and adapting to new fraud patterns, OrbNet Forensic AI provides financial institutions with a proactive advantage in safeguarding their clients while minimizing fraud losses.
Joe J. Gregory, Chief Strategy Officer stated, "This remarkable growth not only underscores the confidence these financial institutions have in our technology but also serves as a testament to the incredible dedication and talent of our team. OrbNet Forensic AI is redefining the standards of check fraud detection, as we have moved past traditional image analysis algorithms, and moved into an era of forensic document inspection.”
OrboGraph's long-term track record, unmatched technological prowess, and ongoing commitment to customer satisfaction have made it the partner of choice for financial institutions and check processing solution providers seeking advanced check fraud detection solutions. With OrbNet AI, these clients and partners gain a powerful ally in the ongoing battle against sophisticated fraud schemes.
For more information about OrboGraph and its innovative fraud detection solutions, please visit www.orbograph.com or contact James.bi@orbograph.com.
About OrboGraph
OrboGraph LLC. and OrboGraph LTD. ( www.orbograph.com ) are independent companies within the Thompson Street Capital Partners portfolio. OrboGraph is a premier developer and supplier of recognition solutions, payment negotiability, and check fraud detection for the check processing market. Nearly 4,000 financial institutions, service bureaus, and clearinghouses rely on OrboGraph technology to process billions of checks and payments annually.
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CONTACT: Press:
James Bi
Marketing Manager
James.bi@orbograph.com
617-982-0097
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES SECURITY TECHNOLOGY FINANCE SOFTWARE BANKING
SOURCE: OrboGraph
Copyright Business Wire 2023.
PUB: 08/10/2023 08:00 AM/DISC: 08/10/2023 08:01 AM
http://www.businesswire.com/news/home/20230810869339/en
