Featurespace and OrboGraph Team Up for Enhanced Cheque Fraud Detection

Featurespace, a global leader in fraud and financial crime prevention, has teamed up with OrboGraph, known for its check processing automation and fraud detection solutions, to enhance protection against check fraud.

According to the Financial Crimes Enforcement Network (FinCEN), check fraud now constitutes over one-third of all fraud at depository institutions in 2023. The partnership will integrate their technologies to improve the accuracy and efficiency of detecting and preventing fraudulent check activities, including both deposit and “on-us” fraud.

Combining OrboGraph’s advanced image forensics and pattern recognition with Featurespace’s cutting-edge fraud detection platform, used by over 70 global banks, will offer a unified solution that reduces false positives and boosts operational efficiency.

Barry Cohen, CEO of OrboGraph, noted, “As check fraud grows, our collaboration with Featurespace will provide financial institutions with advanced tools to combat increasingly sophisticated fraud schemes.”

Carolyn Homberger, President of Americas for Featurespace, added, “This partnership enhances our fraud prevention capabilities for North American clients, integrating OrboGraph’s check fraud expertise with our own to deliver a robust, seamless solution.”