BankNews Cover

BankNews.com

Search Results: Login

BBVA Compass Mobile Banking App Wins Third Consecutive Javelin Mobile Banking Leader Award for Functionality

August 19 – It’s a triple play for BBVA Compass’ mobile app, which was honored with the 2016 Javelin Mobile Banking Leader award for Functionality for the third consecutive year in Javelin Strategy & Research’s Mobile Banking Financial Institution Scorecard. BBVA Compass was also named a Leader in Most Comprehensive Alerts category for the first time.

(more…)

2016 ISA Entry – Baker Hill ProfitGen

Banks are constantly collecting data; yet, the challenge for many continues to lie in harnessing that data – making insights actionable to drive improvements and profitability. Baker Hill ProfitGen:

  1. Eliminates data silos and manual data-mining efforts, enabling banks to easily access the key insights they need to generate more profitable relationships. The tool empowers banks to base their decisions and growth strategies on data, not guesswork. ProfitGen combines data from a bank’s systems of records and general ledger with third-party data to provide an instant snapshot of the organization’s profitability. It provides unparalleled, timely insights on a bank’s performance and opportunities and risk at every level, including products, branches, staff and account holders.
  2. ProfitGen’s dashboards are customized for every bank executive user based on his or her role within the institution, prominently displaying the data they need upon login. Executives guiding strategic leadership, financial and marketing efforts can easily access a single analytical tool from any desktop or mobile device, but one that is tailored to them and their job functions. Whether an individual needs to view a complete picture of an institution’s profitability, or to drill down to very specific data, customized dashboards ensure each person instantly receives the information most relevant to them.
  3. Through the dashboards, executives can access visualizations and graphics and can generate on-the-spot reports. By leveraging artificial intelligence, propensity and predictive modeling and database integration technologies, ProfitGen simplifies reporting responsibilities while pinpointing areas of risk as well as opportunities for improvement.
  4. Baker Hill ProfitGen also ensures banks can provide examiners fast responses to inquiries about specific data points or even assumption inputs for prospective new products.

Baker Hill
www.bakerhill.com

2016 ISA Entry – Baker Hill ProfitGen

Banks are constantly collecting data; yet, the challenge for many continues to lie in harnessing that data – making insights actionable to drive improvements and profitability. Baker Hill ProfitGen:

  1. Eliminates data silos and manual data-mining efforts, enabling banks to easily access the key insights they need to generate more profitable relationships. The tool empowers banks to base their decisions and growth strategies on data, not guesswork. ProfitGen combines data from a bank’s systems of records and general ledger with third-party data to provide an instant snapshot of the organization’s profitability. It provides unparalleled, timely insights on a bank’s performance and opportunities and risk at every level, including products, branches, staff and accountholders.
  2. ProfitGen’s dashboards are customized for every bank executive user based on his or her role within the institution, prominently displaying the data they need upon login. Executives guiding strategic leadership, financial and marketing efforts can easily access a single analytical tool from any desktop or mobile device, but one that is tailored to them and their job functions. Whether an individual needs to view a complete picture of an institution’s profitability, or to drill down to very specific data, customized dashboards ensure each person instantly receives the information most relevant to them.
  3. Through the dashboards, executives can access visualizations and graphics and can generate on-the-spot reports. By leveraging artificial intelligence, propensity and predictive modeling and database integration technologies, ProfitGen simplifies reporting responsibilities while pinpointing areas of risk as well as opportunities for improvement.
  4. Baker Hill ProfitGen also ensures banks can provide examiners fast responses to inquiries about specific data points or even assumption inputs for prospective new products.

Baker Hill

bakerhill.com

2016 ISA Entry – Easy Solutions’ Detect ID with Biometric Authentication

DetectID is an award-winning, multi-channel authentication framework that balances user-friendly convenience with a strong anti-fraud defense system. Its new state-of-the-art biometric verification enhancement works in concert with DetectID, allowing customers to take advantage of an additional layer of security that assimilates smoothly into their existing system while simultaneously providing the assurance that only legitimate users are able to access sensitive data and perform transactions. Face, voice and fingerprint biometrics simplify authentication by turning physical user features into the password they need for access.

DetectID with Biometric Authentication:

  • when combined with other protection layers–such as transaction monitoring and device malware detection or legacy authentication platforms–controls alert volume, limits false positives and initiates user verification for high-risk transactions and logins.
  • is offered as a server-based solution for cloud and on-premise implementations, and allows organizations to establish trusted identity online with minimum friction that balances convenience and security.
  • allows companies greater trust of individuals when they create online accounts, granting access to applications, performing mobile payments and more.
  • features facial, voice or fingerprint recognition capabilities that can be tailored to meet a business’ specific security needs.
  • allows end-users to enroll once and use on different channels and devices without re-enrolling each time thanks to omnichannel deployment.

Easy Solutions
www.easysol.net

2016 ISA Entry – ACH Alert’s Fraud Prevention HQ

Fraud costs U.S. organizations seven percent of annual revenues ($994Bper year). One of the more common types that contribute to these totals is corporate account takeover, when fraudsters target small/medium-sized businesses and take over their accounts. This method is attractive because company accounts carry higher balances and tied to automated lines of credit.

ACH Alert’s Fraud Prevention HQ, the industry’s first exception decisioning portal, provides a fully integrated dashboard for financial institution customers to make their pay or no-pay decisions on suspicious ACH and wire activity, which will become paramount when same-day ACH takes effect. In fact, 93 percent of institutions expect the emergence of new fraud threats as a result of the transition to same-day ACH, according to a recent survey. With a single sign-on through most online banking systems, Fraud Prevention HQ puts ACH Alert’s proprietary fraud prevention tools right at the fingertips of account holders.

Fraud Protection HQ warrants an Innovative Solutions Award because:

  • The dashboard provides an up-to-the minute summary of ACH & Wire activity with exceptions (suspicious activity) clearly noted. Customers can navigate straight to exceptions to make secure pay/no pay decisions but can view all other activity by category.
  • Customers are only called to action when necessary and their responses are authenticated.
  • The level of authentication used is matched with the level of risk associated with the transaction, so for high-risk transactions, biometric technology comes into play.
  • With single sign-on, there’s no separate URL or set of login credentials to keep up with.
  • Customers can get to Fraud Protection HQ from a site they already trust, and they are empowered to keep their money where it belongs: in their account.

ACH Alert monitored $80B in 2015 – a significant increase from $38.2B monitored in 2014 – and stopped the disbursement of $615M in fraudulent transactions.

ACH Alert
www.achalert.com

Crossmatch’s DigitalPersona® Altus

The DigitalPersona® Altus multifactor authentication solution is designed to give users secure access without obstacles — anytime, anywhere. A comprehensive authentication solution that cuts through the complexity of the modern IT environment, DigitalPersona Altus provides strong security while reducing cost, streamlining deployment and simplifying ongoing administration. Able to secure all platforms and applications, the solution supports the widest range of authentication factors, and incorporates risk-based, step-up authentication to enforce stronger security protocols where needed most while minimizing authentication workflow for less critical cases.

DigitalPersona Altus is uniquely able to provide the following features and benefits:

  • Improves Operational Performance
    o No specialized IT skills are required resulting in greater staffing flexibility
    o Authentication policies are managed centrally using standard Active Directory interfaces
    o Password management is centrally administered, policies automatically enforced
  • Streamlines Deployment
    o No need for long and costly deployment projects
    o Applications can be integrated and users provisioned in minutes instead of hours
  • Reduces Cost
    o No additional HW servers are required reducing deployment and administrative costs
    o User self-service password reset eliminates costly help desk calls
    o Use of standard IT tools and interfaces greatly reduces the time and cost of training
  • Improves Security, Eases Compliance
    o Multifactor authentication greatly reduces the threat of credential theft and data breaches
    o Protects the widest range of IT assets, such as Window login, Win32 apps, cloud, legacy green-screen, mobile devices and remote access.
    o All the most common authentication factors are supported – biometrics, OTP, tokens, smart cards, proximity cards, passwords, PINS, Bluetooth and SSO
    o Step-up authentication increases security for high risk transactions while minimizing authentication overhead for less critical ones
    o Secures the extended enterprise, including vendors, partners and customers
    o Detailed logging and reporting identifies who accessed what, and when for compliance

Crossmatch
www.crossmatch.com

Citizens Bank’s iPhone and Android Apps Again Ranked One of the Industry’s Best

June 3 – Citizens Bank’s mobile banking apps for iPhone and Android have once again received the Javelin Mobile Banking Leader Awards from Javelin Strategy & Research. Javelin’s review of user ratings for mobile banking apps found Citizens’ mobile apps to be among the best in the industry, with average customer ratings of 4.1 out of 5 stars. This marks the third time Citizens has received similar recognition from Javelin.

(more…)

Top Banks Meet Customer Expectations For Mobile Banking Channel

May 23 – Half of the U.S. adult population now banks using smartphones and tablets, which is 29 million more than last year. This dramatic shift in consumers’ channel preferences puts pressure on financial institutions to innovate in the space to meet increased demand for mobile functionality. Today, JAVELIN released, 2016 Mobile Banking Financial Institution Scorecard: Mobile Becomes the Remote Control for Banking, which assesses the evolution of FI mobile banking offerings and recent trends in mobile account management and transactional functionality.

(more…)

Chip Shield Introduces 20 Dollar Personal Chip Card Reader to Prevent Online Fraud

May 12 – Chip Shield demonstrated their consumer focused personal chip card reader for the first time at the FinovateSpring 2016 Conference in San Jose, and announced general availability of the product in Summer 2016 with an introductory price of just $20.

(more…)

311 Million Bot Attacks Detected and Stopped

April 26 – ThreatMetrix, The Digital Identity Company, has released its Q1 2016 installment to the “ThreatMetrix Cybercrime Report.” In addition to the 311 million bot attacks, the ThreatMetrix Digital Identity Network (The Network) also detected and stopped more than 100 million fraud attacks in real time, a 52 percent increase year-on-year.

(more…)

Kryptronic Internet Software Solutions