Corillian Intelligent Authentication to Provide Customer-Friendly Security for Online Banking Customers
Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, announced that Synovus, a $31 billion diversified financial services company headquartered in Columbus, Ga., has selected Corillian Intelligent Authentication™ to provide enhanced security protection to Synovus’ online banking service.
Corillian Intelligent Authentication will integrate with Synovus’ new online banking system, powered by Corillian Consumer Banking. The combination of Corillian Consumer Banking and Corillian Intelligent Authentication will enable Synovus to continue delivering a great online experience to its customers while providing additional layers of authentication to protect customers’ accounts and assets from online fraudulent access. Corillian Intelligent Authentication validates the identities of online customers by asking personally relevant challenge questions beyond a user name and password.
"Protecting our customers from the ever-changing threats of online fraud is a top priority for Synovus," said Steven Jones, Synovus Director of Information Security. "With Corillian Intelligent Authentication we will incorporate a solution that will add additional layers of security protection while maintaining a seamless user experience that our customers expect in the online channel. We selected Corillian Intelligent Authentication for its multi-layered approach to authentication and for Corillian’s strong expertise and reputation in providing secure online banking services. This solution will provide our customers with a stronger sense of confidence in our online banking services."
Corillian Intelligent Authentication is a customer-friendly and highly successful security measure that interprets the information transmitted from the customer’s computer to the bank’s Web site, looking for a pattern of online banking behavior. This is accomplished by tracking patterns of online banking behavior and various non-personal attributes of online banking customers to determine when it is necessary to block or challenge suspicious visitors. Corillian Intelligent Authentication provides the platform for performing this behavioral risk analysis and challenges customers when their behavior falls outside of their typical patterns in order to prevent unauthorized activity. To date, more than 40 leading financial institutions have selected Corillian Intelligent Authentication for a strong, multi-layered authentication solution.
"We are excited to expand our online banking partnership with Synovus to enhance the security of their online channel," said Greg Hughes, chief security executive of Corillian. "Corillian Intelligent Authentication will create a multi-layered, strong authentication solution that will help Synovus provide non-intrusive security measures that can proactively prevent online fraud from happening and increase the confidence of their customer base."
About Synovus
Synovus (NYSE: SNV) is a diversified financial services holding company with more than $31 billion in assets based in Columbus, GA. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: TSS), one of the world’s largest companies for outsourced payment services. FORTUNE magazine has named Synovus one of "The 100 Best Companies to Work For" in America, and has recognized Synovus in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2005, Synovus also appeared on "America’s Most Admired Companies" list. See Synovus on the web at www.synovus.com.
About Corillian Corporation
Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics™ to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world’s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company’s web site at http://www.corillian.com.