Anti-fraud solutions provider Corillian has teamed with StrikeForce Technologies, an identity assurance specialist, to offer an online banking authentication service.
Corillian says the comprehensive authentication service, combining Corillian’s Intelligent Authentication with StrikeForce’s Out-of-Band authentication platform, ProtectID, will help protect financial institutions’ online users from fraudulent activity.
Corillian claims the platform delivers an easy-to-use, uninterrupted banking experience while also offering strong authentication with multiple layers and multi factors.
Alex Hart, CEO of Corillian, said, Financial institutions are looking for strong online authentication methods that don’t disrupt the online banking experience that customers are used to. The multiple layers of Intelligent Authentication were designed with the online banking user in mind – to provide ultimate protection of online accounts without compromising the convenience of online banking. StrikeForce’s Out-of-Band authentication process complements Intelligent Authentication and provides financial institutions with additional layers of multi-factor protection for their online customers.
The authentication service is also said to help ensure compliance with FFIEC guidance.