In 2023, check fraud losses exceeded $20 billion and are projected to rise further this year. As technology advances, fraudsters are using increasingly sophisticated methods, including AI, to produce counterfeit checks, alter legitimate ones, and forge signatures. This increase in check fraud highlights the critical need for more advanced, real-time mitigation technologies.
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Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
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