Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

OrboGraph Announces Partnership with Classic Software for Check Image Integration

Partnership enables financial institutions to connect with OrboAnywhere and image forensics

OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced a partnership with Classic Software of Charlotte, NC, offering financial institutions the ability to extract and feed check images directly into OrboAnywhere check fraud detection platform. The partnership is designed to provide a proven, simplified data transfer option for institutions lacking programming resources.

Natural Language Processing Capabilities : Finch Computing Accelerates its Natural Language Processing Capabilities

“We have been working with Classic Software for over ten years. Their proven track record eliminates the integration risk which many banks encounter. This partnership is designed to facilitate easier deployment across banks and credit unions of all sizes.”

Classic Software has been providing integration services to financial institutions for over thirteen years using a common product set of data retrieval and extraction techniques. Classic Integration Services uses image landing zones, direct application programming interface (API) calls, and batch exports from check archive systems as a means to aggregate and feed check images to the OrboAnywhere web services API.

The banking industry is experiencing a check fraud attack pandemic as fraudsters utilize a wider range of approaches to defraud personal and business accounts at banks and credit unions across the US. In order to better detect fraudulent check images, image forensic capabilities are used to analyze check images presented for payment at the paying bank as well as bank of first deposit.

Data Science News: Mosaic Data Science Develops Innovative AI-Text Generation Tool That Summarizes Content for Specific Audiences

“On-us and deposit check fraud losses are an industry problem,” stated Joseph J. Gregory, Chief Strategy Officer at OrboGraph. “Our partnership will enable a wider range of institutions to implement the full suite of OrboAnywhere modules as a way to address bank-specific fraud problems.”

Barry Cohen, Chief Executive Officer commented, “We have been working with Classic Software for over ten years. Their proven track record eliminates the integration risk which many banks encounter. This partnership is designed to facilitate easier deployment across banks and credit unions of all sizes.”

“We support over fifteen different check archival systems deployed in-house as well as at service bureaus. We look forward to supporting the fight against check fraud by delivering images to OrboGraph’s innovative image-based system,” stated Chris Hlebak, President of Classic Software.

AI Insights : XAPP AI Achieves AWS Conversational AI Competency Distinction

 [To share your insights with us, please write to sghosh@martechseries.com] 

Comments are closed.