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OrboGraph Awarded AI Excellence Award by the Business Intelligence Group for Innovations in Check Fraud Detection

OrboGraph, a premier supplier of check processing automation and fraud detection software and services, has won the prestigious AI Excellence Award in the Hybrid Intelligent Systems category for signi...

Business Wire

OrboAnywhere Sherlock 5.3 Release blends consortium and dark web monitoring with image forensics

BURLINGTON, Mass.: OrboGraph, a premier supplier of check processing automation and fraud detection software and services, has won the prestigious AI Excellence Award in the Hybrid Intelligent Systems category for significant contributions to enhancing check fraud detection capabilities through its integrations to leverage consortium data from Advanced Fraud Solutions (AFS) TrueChecks®, along with the ThreatAdvice dark web monitoring service called Dark Defend. This is the third consecutive year that OrboGraph has won this award.

OrboGraph has been at the forefront of combating the surge in check fraud, which has seen a 3-4X increase from pre-pandemic levels. Leveraging OrbNet Forensic AI technology, the OrboGraph OrboAnywhere suite has achieved remarkable success, boasting detection rates as high as 95%+ on counterfeits, forgeries, and alterations.

The nomination for this award was based on OrboGraph's significant advancements over the past year in providing financial institutions with enhancements in check fraud detection features and analyzers. The OrboGraph partnership with ThreatAdvice and AFS as part of the OrboAnywhere Sherlock 5.3 release provides the most robust combination of image forensics blended with positive and negative consortium data.

Barry Cohen, CEO of OrboGraph, expressed his enthusiasm about the award: "We are honored to again receive the AI Excellence Award – Hybrid Intelligent System. This recognition is a testament to our team's hard work, innovation, and unwavering dedication to combating check fraud."

Joe Gregory, Chief Strategy Officer of OrboGraph, also shared his insights: "The challenge of check fraud is evolving, and there is no silver bullet solution. Creating a consortium connector to multiple vendors like ThreatAdvice and Advanced Fraud Solutions has allowed us to leverage a wealth of data and cast a more holistic, wider net to detect on-us and deposit check fraud transactions."

For more information, please contact James Bi at 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.

Fonte: Business Wire

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