Corillian (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, today 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."